In January-March this year, ArcelorMittal Kryvyi Rih Iron and Steel Works (AMKR, Dnipro region) increased steel production by 93% year-on-year to 278 thousand tons.
According to the company, compared to the fourth quarter of last year, iron ore concentrate production amounted to 1.775 million tons versus 1.283 million tons (38% more).
Blast furnace coke production in January-March 2023 amounted to 245 thousand tons compared to 211 thousand tons (up 16%), pig iron – 403 thousand tons compared to 392 thousand tons (up 3%), steel – 278 thousand tons compared to 250 thousand tons (up 11%), rolled products – 262 thousand tons compared to 230 thousand tons (up 14%). Production growth compared to the first quarter of 2023 ranged from 50% to 94%, depending on the type of product.
In March 2024, compared to March 2023, production of iron ore concentrate increased by 52% (from 427 thousand tons to 651 thousand tons), blast furnace coke by 50% (from 56 thousand tons to 84 thousand tons), pig iron by 27% (from 109 thousand tons to 138 thousand tons), steel by 61% (from 77 thousand tons to 124 thousand tons) and rolled products by 57% (from 74 thousand tons to 116 thousand tons). Production volumes also grew year-on-year, with iron ore concentrate up 14%, blast furnace coke up 9%, pig iron up 19%, and steel and rolled products up 61% and 59%, respectively.
These results were achieved despite Russian attacks against energy infrastructure and the resulting power outages, the press release said.
The first quarter of 2024 also reflects gradual progress in restoring the company’s production capacity.
“We plan to continue our production development program, in particular, to approach 50% utilization of our steelmaking capacity in the near future. At the same time, the stability of energy supply remains a significant factor in the successful implementation of our plans,” said Mauro Longobardo, CEO of AMKR.
“ArcelorMittal Kryvyi Rih is the largest rolled steel producer in Ukraine. It specializes in long products, including rebar and wire rod.
ArcelorMittal owns the largest mining and metallurgical plant in Ukraine, ArcelorMittal Kryvyi Rih, and a number of small companies, including ArcelorMittal Berislav.
Mittal Steel Corporation acquired a 93.02% stake in Kryvorizhstal in an open tender on October 24, 2005 for UAH 24.2 billion at a starting price of UAH 10 billion, after which the plant was renamed Mittal Steel Kryvyi Rih and later ArcelorMittal Kryvyi Rih.
