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…
ArcelorMittal Kriviy Rih has finished capital repairs of its wire mill-150. The mill has been put into operation and the manufacturing process has started. “The task of the mill is to produce one of the main AMKR products: steel wire rod. The overhaul of the mill will let the shop work more efficiently and increase…
In January-October ArcelorMittal Kriviy Rih produced 4.671 million tons of rolled metal, up by 8.8% YoY. According to the company statement, steel output went up by 7.1% YoY, to 5.238 million tons, while that of pig iron – by 14.1% YoY, to 5.04 million tons. Sinter production increased by 10.4%, to 8.68 million tons, of…
On November 3, ArcelorMittal Kriviy Rih witnessed an environment strike. 15 city public organizations went on a strike against AMKR polluting the environment. In response the company said that all its ecological projects for the past 10 years were aimed at the step-by-step replacement of the outdated machinery with more environment-friendly equipment and implementation of…