ArcelorMittal Kryvyi Rih Iron and Steel Works of Kryvyi Rih (AMKR, Dnipro region) intends to increase capacity utilization from 30% to 50% in 2024.
“In 2024, we plan to increase production and increase production capacity by operating two blast furnaces. Thus, the utilization of our production facilities will increase from 30 to 50 percent,” said Mauro Longobardo, CEO of AMKR, receiving a delegation from the German Embassy led by Ambassador Martin Eger at the plant.
The visit program included discussions with the plant’s management on the current state of the enterprise and its development prospects, as well as a visit to blast furnace production.
According to Longobardo, the plant is ready to increase production as soon as possible and support Ukraine in its post-war recovery. To this end, the company has retained its staff, avoided layoffs, and all production equipment is in working order despite power outages and even rocket attacks.
“We are also steadily pursuing the path of transformation into a company that consistently reduces its environmental impact. Several steps in this direction have already been taken, such as the closure of outdated facilities: coke oven batteries No. 1-2, a sinter plant for metallurgical production, as well as the commissioning of such modern production facilities as coke oven batteries No. 5-6,” the CEO said, as quoted by the press service.
In turn, Yeher, discussing Ukraine’s postwar recovery, noted that “when the time comes for postwar reconstruction, it is important not to return the facility to its prewar state but to bring it to a modern level.”
“We have to rebuild the best. Especially since Ukraine will be a member of the European Union. I am confident that all this can be achieved, and ArcelorMittal will play an important and demonstrative role in this process,” the German ambassador summarized.
“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.
Arcelor Mittal Duisburg GmbH (Germany) owns 95.1283% of AMKR shares.
The authorized capital of the plant is UAH 3 billion 859.533 million.
