ArcelorMittal Kriviy Rih has relieved financial director Sergey Plichko of his duties. His office ended on December 25. Plichko has been working as the CFO for 7 years. Pavel Zadorozhniy has been appointed acting financial director and chief accountant till January 5, 2024. (Ukrainian metal)
ArcelorMittal Kriviy Rih believes it can increase sales on domestic market thanks to the government orders and normalization of logistic routes. This year capex amounted to $130 million, and next year the company planned to increase investments by 20%, to $155 million. In 2023, AMKR intends to produce more than 1.4 million tons of pig…
In 2024, ArcelorMittal Kriviy Rih intends to increase the loading of its capacities from 30% to 50%. “As the largest international investor in Ukraine and the largest mining and metallurgical enterprise in the country we are a reliable partner to Ukraine and contribute considerably to its economy during the war. Thus, next year we plan…
The European Bank for Reconstruction and Development has provided a loan of $150 million to ArcelorMittal Kriviy Rih to replenish the working capital of the company. The loan was approved on November 15, and the funds are being provided. The loan will also support the development and realization of the new special program of professional…
ArcelorMittal Kriviy Rih has shut down the blast furnace No. 6 for capital repair. This blast furnace was the first to be launched after the complete shut down of the enterprise at the beginning of the full-scale Russian invasion. “For a long time the blast furnace was the only working furnace, which was visited by…
In 2022, ArcelorMittal Kriviy Rih received 49.9 billion UAH of losses, while in 2021 it had a net profit of 25.2 billion UAH. Net loss per share was 12.7 UAH. Assets totaled 52.68 billion UAH and long-term liabilities – 6.04 billion UAH. The company CEO Mauro Longobardo said that the main conclusion was that the…
This year, ArcelorMittal Kriviy Rih intends to increase investments to $130 million. Moreover, in 2024, the company plans to export 50% of its products to Europe. “In 2022, we invested $120 million, and in 2023 we plan to invest $130 million. Our grand project is the construction of the third card tailings, which is ongoing…
In 2022, ArcelorMittal Kriviy Rih received a net loss of 48.34 billion UAH as opposed to a net profit of 25.28 billion UAH in 2021. Income dropped by 59.9%, to 43.82 billion UAH. Last year, AMKR decreased steel output by 23% and rolled metal – by 22.8%. (Ukrainian metal)
