Because of the limitations on its traditional sales markets ArcelorMittal Kriviy Rih has suffered losses and is forced to reorient to other markets. “All in all our losses on traditional sales markets amount to 1.5 million tons of rolled metal. We had to reorient to other directions. And that was not easy because of the…
ArcelorMittal Kriviy Rih has finished the construction of the first stage of the Centralnoye tailings pond. According to the company statement, the pond is used to store empty ore and processing waste. The volume of the pond is 13.8 million cubic meters. The project cost is $10.7 million. AMKR also uses two more tailings ponds…
The European Bank for Reconstruction and Development (EBRD) has signed an agreement on providing a $350 million syndicated loan to Ukraine’s largest steel mill, PubJSC ArcelorMittal Kriviy Rih. “The EBRD has signed the biggest project in Ukraine this year,” EBRD Senior Adviser Anton Usov wrote on Facebook. The loan is designed to support the mill’s…
ArcelorMittal Kriviy Rih intends to expand the geography of its sales in Africa, while the share of its sales in CIS is decreasing. “We have recently opened a delivery channel to the countries of East Africa. We have organized an office in Tanzania to supply metal to Uganda, Rwanda, Ethiopia, Tanzania and Kenya”, the company…
PJSC ArcelorMittal Kriviy Rih (Dnipropetrovsk region) is experiencing significant difficulties in transporting 5 million tons of steel products from the enterprise to the Black Sea ports of Ukraine and delivering 2.5-3 million tons of iron ore concentrate to consumers in Eastern Europe, company CEO Paramjit Kahlon has stated. “One of the biggest problems at the…
ArcelorMittal Kriviy Rih plans to invest $1.5 billion in modernization until 2020. In particular, the works intends to finish construction of the two coking batteries complex (Nos. 5 and 6). The battery No. 6 has been constructed and commissioned, while the battery No. 5 will be put in operation in a couple of months. The…
ArcelorMittal Kriviy Rih has purchased 4 large BelAZ dump trucks valued at $24 million. According to the company statement, the lifting capacity of each machine is 136 tons. Having made the purchase the company has renewed its large machinery fleet by half. “Regular arrivals of new trucks allow us to considerably increase output”, the company…
At PJSC ArcelorMittal Kriviy Rih the meeting of Club of “green economy” leading companies was held with the participation of Wolfgang Messinger, General Consul of the Federal Republic of Germany. The club unites scientific institutions, major industrial and agricultural companies of Dnipropetrovsk region, which implement projects on energy saving technologies and responsible energy use. The…
