Ukraine: ArcelorMittal not to sell AMKR
Despite the non-profitability of its business in Ukraine ArcelorMittal is not going to sell its Kriviy Rih works.
Despite the non-profitability of its business in Ukraine ArcelorMittal is not going to sell its Kriviy Rih works.
ArcelorMittal is evaluating the possibility to construct terminals for shipping of its goods in Oktyabrsk port.
In January-May ArcelorMittal Kriviy Rih produced 2.57 million tons of carbon steel, up by 4.1% YoY.
In January-April ArcelorMittal Kriviy Rih produced 1.78 million tons of rolled metal, up by 7.7% YoY.
ArcelorMittal Kriviy Rih plans to produce 6.5 million tons of steel in 2015.
ArcelorMittal Kriviy Rih plans to decrease its rolled metal cost price by $60-65 per ton.
In 2014 ArcelorMittal Kriviy Rih exported 86% of its products.
ArcelorMittal Kryviy Rih (Dniepropetrovsk region) believes that the initiative of the Infrastructure Ministry of Ukraine to increase tariffs for freight transportation by rail by 25-30% is unacceptable.