ArcelorMittal Kriviy Rih has started commissioning the turboblower No. 15. Investments in the project totaled 200 million UAH. The turboblowers provide the largest blast furnace No. 9 (manufactures 50% of the company pig iron) with cold air. The blast furnace complex modernization is scheduled for 2021. As a result, pig iron output will increase to…
Within implementation of integrated strategy in terms of cooperation with local communities, ArcelorMittal Kriviy Rih is allocating over 400 million UAH for construction of a modern cancer center in the city. A respective memorandum has been signed by the company’s CEO Paramjit Kahlon, Head of Committee on Public Health, Medical Assistance and Medical Insurance of…
ArcelorMittal Kriviy Rih has started hot-testing of its small-section mill No. 250-4, in the reconstruction of which it has invested over $50 million. A part of the amount was spent to purchase Danieli machinery. The new equipment has been designed and supplied by Schneider Electric. Previously the mill was only able to make products of…
ArcelorMittal Kriviy Rih will carry out a scheduled repair of the desulfurizing shop with its shutdown. The company shuts down the shop every year to ensure stable operation of the machinery. “The repair is carried out under the project and the “Emission license” conditions”, the company press service reported. (Ukrainian metal)
ArcelorMittal Kriviy Rih might be forced to suspend the operation of its mine named after Artem in case the duty for iron ore mining is increased according to the draft decree No. 1210 submitted to the Verkhovna Rada. “If the state wants raw materials processing to be 100%, it will be 100%. But then we…
The supervisory board of the public joint stock company ArcelorMittal Kriviy Rih took a decision to hold an extraordinary meeting of its shareholders in Kriviy Rih on October 10. Agenda includes payment of dividends. Shareholders are proposed to spend 10,845 billion UAH for this that is equivalent to 2.81 UAH per ordinary share. If the…
ArcelorMittal Kriviy Rih has opened its second metal warehouse in Odessa. The new site has a size of 6 thousand square meters and can accommodate up to 10 thousand tons of metal products. The second warehouse in Odessa is aimed at increasing sales in the southern regions. The choice of Odessa was stipulated by a…
ArcelorMittal Kriviy Rih intends to spend 10.8 billion UAH to pay dividends. This amount corresponds to 2.81 UAH per ordinary share. The dividends will be paid via the Ukraine’s depositary system. AMKR is the largest manufacturer of rolled steel in Ukraine. Mittal Steel bought 93.02% of Krivorozhstal in 2005 for 24.2 billion UAH. (Ukrainian metal)
