In 2017 ArcelorMittal Kriviy Rih decreased output of rolled metal, steel and pig iron. In particular, rolled metal manufacture dropped to 5.1 million tons from 5.5 million tons in 2016, steel – to 6.35 million tons from 7 million tons, and pig iron to 5.6 million tons from 6.1 million tons. Iron ore mining increased…
ArcelorMittal Kriviy Rih has obtained a Kiwa certificate, which confirms the high quality of the company rebars. Now they can be marked with the KOMO sign. Earlier AMKR has already received the right to sell its products in Germany (according to DIN), Belgium (NBN) and France (NF). Now with the Kiwa certificate the company has…
ArcelorMittal Kriviy Rih has put in operation a new iron ore transporting complex. This year the company intends to increase iron ore output at the mine named after Artem from 757.6 thousand tons in 2017 to 1.013 million tons. This will make the company cover all its needs in sinter ore. For this a new…
In 2018 ArcelorMittal Kriviy Rih intends to produce at least 6.5 million tons of steel. “We also plan to manufacture 5.7 million tons of rolled metal and 10 million tons of concentrate”, the company CEO Paramjit Kahlon said. In 2016 AMKR reached its 10-year maximum in steel output – 7 million tons. It was planned…
The contract with the acting financial director and chief accountant of ArcelorMittal Kriviy Rih Sergey Plichko has been prolonged for another quarter. According to the company decree dated December 28, 2017, the contract is prolonged through March 31, 2018. Plichko was appointed chief accountant, acting CFO on February 17, 2017. Prior to that he was…
Because of the limitations on its traditional sales markets ArcelorMittal Kriviy Rih has suffered losses and is forced to reorient to other markets. “All in all our losses on traditional sales markets amount to 1.5 million tons of rolled metal. We had to reorient to other directions. And that was not easy because of the…
ArcelorMittal Kriviy Rih has finished the construction of the first stage of the Centralnoye tailings pond. According to the company statement, the pond is used to store empty ore and processing waste. The volume of the pond is 13.8 million cubic meters. The project cost is $10.7 million. AMKR also uses two more tailings ponds…
The European Bank for Reconstruction and Development (EBRD) has signed an agreement on providing a $350 million syndicated loan to Ukraine’s largest steel mill, PubJSC ArcelorMittal Kriviy Rih. “The EBRD has signed the biggest project in Ukraine this year,” EBRD Senior Adviser Anton Usov wrote on Facebook. The loan is designed to support the mill’s…