ArcelorMittal Kriviy Rih is preparing for the overhaul of its steelsmelting mill in the open-hearth shop. “At present the open-hearth shop operates only the steelsmelting mill No. 6. The shutting down and putting of the machinery out of operation started in 1993, the open-hearth furnace No. 4 was shut down in 2011. In view of…
ArcelorMittal Kriviy Rih will recultivate the lands of the old quarry of the non-operating mine named after Valyavko-Severnay. In 2017-2018 the company will create a green public zone in Kriviy Rih. AMKR will spend some 1 million UAH on the project. The mine was closed down in 1996 because of the reserves running dry. (Ukrainian…
In 2017 ArcelorMittal Kriviy Rih will invest some $400 million into the capital repairs of its premises and machinery. “Around 70% of projects is the modernization of techniques and the improvement of the environment”, the company CEO Paramjit Kahlon said. In particular, capital investments will total $250 million. Last year AMKR invested 6.3 billion UAH…
In 2016 ArcelorMittal Kriviy Rih sold 6.1 million tons of metal, up by 13% YoY. According to the company CEO Paramjit Kahlon, 87% of metal was exported and the rest – 850 thousand tons – sold on the local market. The main export markets for AMKR are Egypt, Iran, Turkey as well as Northern and…
In 2016 ArcelorMittal Kriviy Rih received 2.7 billion UAH of net profits. According to the company press-service, its net income last year totaled 52.96 billion UAH, with capital investments on the level of 4.75 billion UAH. In 2016 AMKR produced 7 million tons of steel, up by 11% YoY. Such a high result has been…
CEO of ArcelorMittal Kriviy Rih Paramjit Kahlon has noted the growing attention of the country’s top authorities to the problems of the mining and metallurgical complex of Ukraine, improvement in the work of Ukrzaliznytsia, but opposed the initiative to increase railway tariffs for freight transportation by 25%. “Today we have a very positive attitude. The…
PJSC ArcelorMittal Kriviy Rih intends to purchase each premises located at Lavrenyova and Chystopilska streets (also known as “Zhukovka village”) in Saksahanskiy district of Kriviy Rih at the price of UAH 450 thousand. In general, this is 32 single-story dwelling houses and outbuildings constructed in 1950-1955, located in dangerous zone of ground motion due to…
ArcelorMittal, the biggest foreign investor in Ukraine, is concerned about possible negative consequences of railway connection blockade in the east of the country. The blockade of coal supplies from uncontrolled territories of Donbass threatens energy stability of the plant and supply of raw materials needed for production activities. Eastern region, as the source of supply…
