It is reported that ArcelorMittal Kriviy Rih, Ukraine-based subsidiary of the world largest integrated metals and mining company ArcelorMittal, in June this year managed to keep its production at reasonable levels, with three out of five blast furnaces running, despite the continuing difficult market conditions and the decreasing number of orders. Mr. V. Vaideeswaran, acting…
Local newspaper Delo has reported citing Mr. Christophe Cornier, member of ArcelorMittal group management board, as saying ArcelorMittal Kriviy Rih intends to implement a project for processing oxidized ores.Mr. Cornier said “We produce 8 million tons of sinter per year and, with the introduction of oxidized ore processing technology, the production will double.”The management of…
According to Mr. Jeant Jouet, CEO of ArcelorMittal Kriviy Rih, at the ceremony of the start of construction of the first caster, the company intends to construct 5 continuous casters. The first continuous caster will be put into operation in September 2011. Total cost of the project will make around $100 million.The project provides construction…
ArcelorMittal Kriviy Rih, the Ukraine-based subsidiary of the world largest integrated metals and mining company ArcelorMittal, has said that it is keeping its production capacity aligned with market requirements, as the trend for the recovery of the market is uncertain and as it has been experiencing a certain slowdown affecting export orders in the latter…
ArcelorMittal Kriviy Rih has announced that during the first four months of this year it has increased its crude steel output by 39.1% YoY to 2.038 million tons. Product April 2010, t April 2009, t Change, % Pig iron 477,300 348,900 36.8 Steel 566,900 388,800 45.8 Rolled products 477,000 371,000 28.6 Product January-April, 2010 January-April…
Mr. Jean Jouet, CEO of ArcelorMittal Kriviy Rih, said that the company plans in 2010 to increase its steel product output by about 22.6% YoY to 5.5 million tons.According to the sale and purchase agreement signed with the State Property Fund of Ukraine in 2005, the company undertook to produce at least 6 million tons…
It is reported that ArcelorMittal, the world’s largest steel producer, plans to invest $200 million to modernize and boost efficiency at its Ukrainian steel mill in 2010.Mr. Jean Jouet, CEO for ArcelorMittal Kriviy Rih, said these plans could be derailed if the company continued to struggle in receiving value added tax refunds from Ukraine cash-strapped…
According to Mr. Jean Jouet, CEO of ArcelorMittal Kriviy Rih, the Ukraine-based subsidiary of the world largest integrated metals and mining company ArcelorMittal, the company plans in 2010 to invest more that $200 million into the implementation of its modernization projects.Mr. Jouet said “After the slowdown in 2009, this year we intend to increase our…