Business news from Ukraine

Business news from Ukraine

ArcelorMittal Kryvyi Rih’s revenue for first nine months fell by 12.7%

31 October , 2026  

The Kryvyi Rih Mining and Metallurgical Plant, PJSC “ArcelorMittal Kryvyi Rih” (AMKR, Dnipropetrovsk Oblast), ended the January–September period of this year with a net loss of 49 billion 442.253 million UAH, an 8.6-fold increase compared to the same period last year, when it stood at 5 billion 768.250 million UAH.

According to the company’s interim report, a copy of which is available to the Interfax-Ukraine news agency, AMKR’s revenue from ordinary operations for this period amounted to 45,651,999,000 UAH, compared to 52,278,473,000 UAH in January–September 2025.
The accumulated loss as of the end of September 2026 amounted to 82 billion 282.596 million UAH.

As previously reported, AMKR ended January–March 2026 with a net loss of 4 billion 599.057 million UAH, an increase of 54.8% compared to the same period in 2025, when it amounted to 2 billion 970.387 million UAH. Revenue from ordinary operations during this period amounted to 13,244.044 million UAH, compared to 15,063.014 million UAH in January–March 2025.

AMKR ended January–June of this year with a net loss of 6,641.858 million UAH, an increase of 57.4% compared to the first half of last year, when it amounted to 4,219.136 million UAH. Revenue from ordinary operations for this period amounted to 32 billion 839.717 million UAH, compared to 33 billion 818.076 million UAH in January–June 2025.

AMKR ended 2025 with a net loss of 8 billion 896.797 million UAH, whereas in 2024 it amounted to 8 billion 848.963 million UAH. Revenue from ordinary operations for 2025 reached 70,634,443,000 UAH, compared to 64,591,407,000 UAH in 2024.

At the same time, AMKR ended 2025 with a consolidated net loss of 8 billion 887.789 million UAH, compared to 8 billion 841.794 million UAH in 2024. At the same time, consolidated income from ordinary activities amounted to 70,627,356 million UAH in 2025, compared to 64,599,685 million UAH in 2024. The consolidated uncovered loss as of the end of last year stood at 32,927,580 million UAH.

In 2024, the plant reduced its consolidated net loss by 25.5% compared to 2023—to 8 billion 841.812 million UAH from 11 billion 875.984 million UAH. At the same time, net revenue decreased by 54.3%—to 64,599,685,000 UAH from 41,873,521,000 UAH.
“ArcelorMittal Kryvyi Rih” is the largest producer of rolled steel in Ukraine. It specializes in the production of long products, in particular rebar and wire rod.

ArcelorMittal owns Ukraine’s largest mining and metallurgical complex, “ArcelorMittal Kryvyi Rih,” and a number of smaller companies, including PJSC “ArcelorMittal Beryslav.”
According to the company, ArcelorMittal Duisburg GmbH (Germany) owns 95.128% of its shares.

The steel complex’s authorized capital is 3 billion 859.533 million UAH.

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