Ukraine: AMKR exports less than 1% of its products to Russia
ArcelorMittal Kriviy Rih sells less than 1% of its products on the Russian market.
ArcelorMittal Kriviy Rih sells less than 1% of its products on the Russian market.
ArcelorMittal Kriviy Rih has been working with losses for the past 11 months because of selling most of its metal products cheaper than the prime cost.
ArcelorMittal Kriviy Rih wants to keep its traditional markets – it tries to retain its share on the local market, while increasing its presence on the European and Gulf markets, as well as seeking new ones.
ArcelorMittal Kriviy Rih is experiencing difficulties with ferrous metal scrap supplies.
Starting with October 1, ArcelorMittal Kriviy Rih increases wages and tariffs for its employees by 8%.
In December 2014 the supervisory board of ArcelorMittal Kriviy Rih sanctioned two volume-identical contracts with ArcelorMittal International Luxembourg SA. Each presupposed the sale of 1.2 million tons of metal products worth 600 million UAH. Thus the total cost of the deal reached 1.2 billion UAH.
The Industrial Union of Donbass corporation (ISD) and ArcelorMittal Kriviy Rig are the major clients of the railroad First Cargo Company in Ukraine, affected by sanctions.
On August 13, Kyiv hosted a ceremony of signing a Memorandum of intent of a leading steel enterprise ArcelorMittal Kriviy Rih to participate in operation and infrastructure development of the Oktyabrsk Specialized Sea Port in Mykolayiv.