Business news from Ukraine

ARCELORMITTAL KRYVYI RIH EXTENDS WAGON FLEET BY 2.5 TIMES

1 October , 2018  

PJSC ArcelorMittal Kryvyi Rih (Dnipropetrovsk region) has extended its wagon fleet by 2.5 times, commissioning 450 new high-sided wagons received under a financial leasing scheme. According to a press release of ArcelorMittal Kryvyi Rih, at the beginning of 2018 the enterprise received 50 new cars: thus, this year the company has commissioned 500 wagons to transport its metal products and supply raw materials to the plant.
At the same time, it is noted that as a result its own fleet has increased by 2.5 times, which allows the company to carry out about 10-15% of its transportation independently, regardless of the situation in the railway market and the availability of wagons. This will help reduce the cost of delivering outgoing and incoming goods, as well as give an opportunity to consider new directions of metal products and iron ore concentrate transportation for exports.
All new wagons for the enterprise are manufactured by PJSC Dniprovahonmash, which is one of the participants in the signed agreement under the scheme of financial leasing.
ArcelorMittal Kryvyi Rih is the largest producer of steel goods in Ukraine. It specializes in production of long goods, in particular, fittings and wire rod.

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