In December 2014 the supervisory board of ArcelorMittal Kriviy Rih sanctioned two volume-identical contracts with ArcelorMittal International Luxembourg SA. Each presupposed the sale of 1.2 million tons of metal products worth 600 million UAH. Thus the total cost of the deal reached 1.2 billion UAH.
The Industrial Union of Donbass corporation (ISD) and ArcelorMittal Kriviy Rig are the major clients of the railroad First Cargo Company in Ukraine, affected by sanctions.
In August the major VAT-reimbursement receiver among the mining-metallurgical companies was ArcelorMittal Kriviy Rih with 535.1 million UAH.
On August 13, Kyiv hosted a ceremony of signing a Memorandum of intent of a leading steel enterprise ArcelorMittal Kriviy Rih to participate in operation and infrastructure development of the Oktyabrsk Specialized Sea Port in Mykolayiv.
Management of ArcelorMittal Kriviy Rih met metal consumers in Tbilisi, Georgia.
In June ArcelorMittal Kriviy Rih produced 492.9 thousand tons of steel, down by 11.3%, or by 63.2 thousand tons YoY.
ArcelorMittal plans to tenant some of the state coalmines in order to provide its steel manufacture with raw materials.
ArcelorMittal, the world’s largest metal company, has no current plans to sell its assets in Kazakhstan, Ukraine or South Africa, the press service of ArcelorMittal Kryvyi Rih has said in response to an article published by KazTAG, a Kazakhstan news service.