ArcelorMittal Kryvyi Rih, Ukraine’s biggest iron mining and steel manufacturer, invested $415 million to develop production last year

ArcelorMittal Kryvyi Rih, Ukraine’s biggest iron mining and steel manufacturer, invested $415 million to develop production last year. This was slight less than the 2018 level of $433 million, the company reports. “2019 was a difficult year for all plants of the mining and steel complex of Ukraine, while the second half of the year was more difficult than the first one,” reads the company press release. “It was increasingly difficult for Ukrainian exporters to sell their steel products due to a significant drop of prices and general decrease in steel consumption on the world markets.”