Industry News

ArcelorMittal Kryvyi Rih faces challenges in 2024, including energy shortages and rising costs

Views : 49
Update time : 2025-01-22 16:45:10
ArcelorMittal Kryvyi Rih, Ukraine's largest mining and metallurgical enterprise, faced significant operational challenges in 2024. The company reported operating at a loss due to multiple factors, including insufficient electricity supply, high costs of imported electricity, elevated logistics expenses, and unfavorable market conditions for metal products. 

During mid-2024, the company's metallurgical production capacity reached approximately 50%. Meanwhile, the mining division operated at 70-75% of its pre-war production levels. 

These operational constraints prevented ArcelorMittal Kryvyi Rih from achieving profitability during this period.
Related News
Read More >>
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Mar .12.2025
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Mar .12.2025
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they? Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
Mar .12.2025
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
International crude oil prices increase on Mar 11 International crude oil prices increase on Mar 11
Mar .12.2025
International crude oil prices increase on Mar 11