Business news from Ukraine

“ArcelorMittal Kryvyi Rih” gradually increases production and launches 2 more coke oven batteries

22 April , 2024  

ArcelorMittal Kryvyi Rih’s Kryvyi Rih Iron and Steel Works (AMKR, Dnipro region) is gradually increasing production by commissioning idle units and overcoming the consequences of Russian aggression.
“We used to operate at 25% of capacity, but now we are gradually increasing production every day. This, in turn, will lead to an increase in jobs and taxes for our city and the Ukrainian economy,” the press service said on Friday.
It is specified that coke oven batteries No. 3-4 are scheduled to be launched from April 21 to 24 inclusive, which will provide raw materials for the increase in blast furnace production.
“We would like to draw the attention of Kryvyi Rih residents to the fact that during the launch of coke oven batteries, there may be a noticeable emission of smoke. We would like to inform you that the smoke is caused by the technological process of the launch, the situation is safe for the residents of the city,” explains AMKR.
As reported earlier, ArcelorMittal Kryvyi Rih increased steel production by 93% in January-March 2024 to 278 thousand tons compared to the same period in 2023. The company produced 245 thousand tons of blast furnace coke compared to 211 thousand tons (up 16%), 403 thousand tons of pig iron compared to 392 thousand tons (up 3%), 278 thousand tons of steel compared to 250 thousand tons (up 11%), and 262 thousand tons of rolled products 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.
The first quarter of 2024 also reflects gradual progress in the restoration of the plant’s production capacity.
“We plan to continue our production development program, in particular, to approach 50% 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, earlier.
“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.