Despite last year’s increase in production, Ukraine’s largest mining and metallurgical enterprise remained unprofitable. ArcelorMittal Kryvyi Rih significantly increased its production indicators in 2024 but could not reach a break-even level. The main problems were the war, electricity shortage, high energy prices, exp... #ArcelorMittal #MetallurgyUkraine #PigIronProduction #SteelProductionUkraine #UkrainianMetalExport
Ukraine can become the leading supplier of direct reduction iron to the EU and help Europe decarbonize its metallurgy. Ukraine has five billion tons of magnetite ore, the primary raw material for direct reduction iron (DRI) production, the demand for which is growing strongly in Europe. Potential commercial supplies o... #ArcelorMittal #decarbonization #ferrexpo #MagnetiteOre #MetallurgyUkraine #Metinvest
Ukrainian enterprises are reorienting to the European market because of the war. Mauro Longobardo, CEO of metallurgical giant ArcelorMittal Kryvyi Rih, said that the company is recovering from the losses of the previous two years but has not yet broken even. In 2024, the plant los... #ArcelorMittal #CBAM #EuropeanIntegration #investments #MauroLongobardo #MetallurgyUkraine
Last year, foreign investment in Ukraine increased by 40%: Which international companies are investing? Foreign investment in Ukraine in 2023 increased by 40%, up to $1.2B. Among the large investors are giants in metallurgy, energy, and building materials. The metallurgical giant ArcelorMittal continues... #ArcelorMittal #BlackIron #CarlsbergGroup #ForeignInvestor #InvestmentsinUkraine #OnurGroup
ArcelorMittal Construction is investing €40M in the production of construction materials to rebuild Ukraine. ArcelorMittal Construction, the world leader in construction solutions, will build a modern production facility in Ukraine to support restoration works with an investment of €40M. Through its subsidia... #ArcelorMittal #BuildingMaterials #ConstructionMaterialsUkraine #InvestmentsinUkraine #UkraineInvest #UkraineReconstruction
The government presents the largest investment projects in the Dnipropetrovsk region. Minister of Economy Yulia Svyridenko has described investment projects by large companies in the Dnipropetrovsk region. Interpipe is implementing three projects, the largest of which is constructing a... #ArcelorMittal #Biosphere #BusinessInvestments #InterpipeUkraine #UkraineEconomy #YuliyaSvyridenko
The largest metallurgical plant in Ukraine is partially resuming steel production, which was stopped due to the recent hydroelectric power station explosion. The first rolling mill will be relaunched on June 15, according to Serhiy Plichko, the finance director of ArcelorMittal Kryv... #ArcelorMittal #KakhovkaHPP #MetallurgiaUkraine #SerhiyPlichko #SteelProductionUkraine
Steel production has slowed considerably due to the destruction of the Kakhovka HPP. Ukraine’s largest metallurgical plant, ArcelorMittal Kryvyi Rih, has stopped steel production to reduce water consumption. Almost all water-cooled equipment operation is temporarily suspended. T... #ArcelorMittal #KakhovkaHPP #KakhovkaHPPdestruction #SteelProductionUkraine
The largest metallurgical plant in Ukraine has resumed work. The metallurgical company ArcelorMittal has resumed mining work. The company said in a statement that one of their two quarries and two factories – crushing and ore beneficiation – are wor... #ArcelorMittal #MetallurgicalProduction
ArcelorMittal loses $4.1B in revenues due to war. ArcelorMittal said that sanctions against Russia are affecting the sources of raw material supply to the plant in Kriviy Rih. Of note is that ArcelorMittal is the largest steel producer in Europe. Las... #ArcelorMittal #ArcelorMittalDuringWar
ArcelorMittal paid UAH 14.6B in taxes and fees last year. In 2021, PJSC ArcelorMittal Kryvyi Rih (AMKR) paid UAH 14.6B ($521M) in taxes and fees to all levels of the budget, which is 2.3 times more than the total amount of tax payments for 2020 (UAH 6.4B). I... #ArcelorMittal #ArcelorMittalEarnings
ArcelorMittal Kryvyi Rih has doubled its tax contributions. In January-November 2021, ArcelorMittal Kryvyi Rih paid UAH 13.4 bln ($493 mln) in taxes and fees, which is 2.3 times more than in the same period of 2020. In 11 months, the plant paid UAH 7.2 bln to ... #ArcelorMittal #ArcelorMittalTaxes
Lakshmi Mittal, chairman of ArcelorMittal, told President Zelenskiy yesterday that his Ukraine unit is launching a ‘Steel Billion’ program, a nearly $1 billion investment to bring the steel maker in compliance with EU ‘green steel’ rules, according to the president’s website. By the end of 2023, ArcelorMittal Kryvyi Rih, Ukraine’s largest integrated steel company, plan... #ArcelorMittal #LakshmiMittal #SteelBillionprogram
