The Supreme Commercial Court of Ukraine has satisfied the cassation appeal of ArcelorMittal Kriviy Rih. According to the company statement, the court decision cancels the decision of the Dniepropetrovsk Commercial Court of Appeals, while the decision of the Commercial Court of the Dniepropetrovsk region that prohibited the prosecutors from claiming 72.69 million UAH of damage…
In January-November ArcelorMittal Kriviy Rih produced 5.146 million tons of rolled metal, 5.727 million tons of steel and 5.535 million tons of pig iron, all up by 7.7%, 5.1% and 12% YoY respectively. Sinter output reached 9.55 million tons, that of coke – 1.84 million tons, up by 8.9% and 6.2% YoY respectively, while iron…
ArcelorMittal Kriviy Rih reports pressure on the company on behalf of the law enforcing agencies. “80 managers have been called for interrogation to the prosecutor’s office. This is a pressure in hope that we would share something with these people. Most of them serve in law enforcing agencies”, the company CEO Paramjit Kahlon said. He…
ArcelorMittal Kriviy Rih intends to rent berths at the Olvia port in Nikolaev to transship its products. “We want to rent some berths at the port, but the process has been suspended”, AMKR CEO Paramjit Kahlon said. Ukraine has 18 seaports, with the most situated in Odessa region, including Odessa seaport and seaport Yuzny. (Ukrainian…
ArcelorMittal Kriviy Rih CEO Paramjit Kahlon has noted the positive impact of the decree on scrap export duty increase on the company. “We don’t import scrap. But the government decision to impose a 30 euro per ton duty really helps us”, he said. “The scrap supplies have remained on the same level. At any rate…
Pridneprovsk Railways, a part of Ukrzaliznytsia, considers the words of ArcelorMittal Kriviy Rih on the shortage of railroad cars an attempt to discredit and pressure the state transporting company. “We call unto the company management not to manipulate the corruption theme, but to seek for constructive and mutually beneficial ways to solve the problem”, the…
ArcelorMittal Kriviy Rih has estimated its losses in January-June from the cooperation with Ukrzaliznytsia (Ukrainian Railways) on the level of 217 million UAH. “In 6 months we have lost 217 million UAH because of Ukrzaliznytsia. And Ukraine has lost 45 million UAH of taxes. Ukrzaliznytsia operation is damaging business”, the company CEO Paramjit Kahlon said.…
ArcelorMittal Kriviy Rih intends to invest over $100 million into the construction of the new continuous casting machine. “We plan to build another CCM with the total capacity of 1.4 million tons per year. This requires investments in the amount of $100 million. And that’s just one of the investment projects we want to implement…
