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…
ArcelorMittal Kriviy Rih has announced that it has approved of a new quality policy, placing clear focus on customer and customer relations optimization which has become of utmost importance due to the overcoming of the consequences of the crisis in the steel consumer market.Mr. Jean Jouet, CEO of ArcelorMittal Kriviy Rih, said “Unlike in the…
It is reported that ArcelorMittal Kriviy Rih, Ukraine-based subsidiary of the world largest integrated metals and mining company ArcelorMittal, plans in 2010 to carry out the modernization of its converter shop by installing a new ladle furnace, a new continuous billet caster and by replacing its gas cleaning units.ArcelorMittal Kriviy Rih 2010 investment projects are…
Reuters reported that Ukraine biggest steel mill Kryvorizhstal, owned by ArcelorMittal, reduced raw steel production in 2009 to 5.054 million tons from 6.233 million in 2008.According to the report, the rolled steel production fell to 4.478 million tons from 5.406 million while pig iron output fell to 4.418 million from 5.632 million.Ukraine steel production fell…
It is reported that Ukrainian ArcelorMittal Kriviy Rih reduced finished rolled steel output in January to November 2009 by 20.4% YoY to 4.057 million tons, steel – by 23.9% to 4.540 million tons, iron – by 26.2% to 3.975 million tons, agglomerate – by 21.9% to 7.107 million tons.In November the plant produced 414,000 tons…
Ukrainian Journal reported that Kiev based Smart Holding plans to challenge in court the results of the privatization of OJSC Kryvorizhstal, the largest mining and Metals Company in Ukraine a 93.02% stake in which was bought by Mittal Steel Germany at an open tender held on October 24th 2005. According to the report, the mill…