ArcelorMittal Kriviy Rih intends to rent berths at the Olvia port in Nikolaev to transship its products. “We want to rent some berths at the port, but the process has been suspended”, AMKR CEO Paramjit Kahlon said. Ukraine has 18 seaports, with the most situated in Odessa region, including Odessa seaport and seaport Yuzny. (Ukrainian…
ArcelorMittal Kriviy Rih CEO Paramjit Kahlon has noted the positive impact of the decree on scrap export duty increase on the company. “We don’t import scrap. But the government decision to impose a 30 euro per ton duty really helps us”, he said. “The scrap supplies have remained on the same level. At any rate…
Pridneprovsk Railways, a part of Ukrzaliznytsia, considers the words of ArcelorMittal Kriviy Rih on the shortage of railroad cars an attempt to discredit and pressure the state transporting company. “We call unto the company management not to manipulate the corruption theme, but to seek for constructive and mutually beneficial ways to solve the problem”, the…
ArcelorMittal Kriviy Rih has estimated its losses in January-June from the cooperation with Ukrzaliznytsia (Ukrainian Railways) on the level of 217 million UAH. “In 6 months we have lost 217 million UAH because of Ukrzaliznytsia. And Ukraine has lost 45 million UAH of taxes. Ukrzaliznytsia operation is damaging business”, the company CEO Paramjit Kahlon said.…
ArcelorMittal Kriviy Rih intends to invest over $100 million into the construction of the new continuous casting machine. “We plan to build another CCM with the total capacity of 1.4 million tons per year. This requires investments in the amount of $100 million. And that’s just one of the investment projects we want to implement…
In 2016 ArcelorMittal Kriviy Rih intends to produce 7 million tons of steel. “That’s up by 10% of the plan”, the company CEO Paramjit Kahlon said. According to him, despite the high output capacities, the company experiences difficulties with raw material deliveries. In particular, AMKR has to import coal, coke and lime, as it can’t…
The independent primary union organization of ArcelorMittal Kriviy Rih reports multimillion thefts at the company involving AMKR employees. The organization sent a corresponding letter to the departments on human resources and security. According to the letter, the organization found out and prevented the theft of 200 tons of pig iron on November 27. They say,…
ArcelorMittal Kriviy Rih has become one of the main suppliers of steel for the new sarcophagus over the 4th reactor of the Chernobyl HPP. According to the company statement, it has supplied 12 thousand tons of rebars for the construction of the new confinement. “40 mm rebars were used in the foundation construction”, the company…
