19 Apr 2024 16:47

Ukraine's ArcelorMittal Krivoi Rog steel works ramping up output, commissioning two more coking batteries

MOSCOW. April 19 (Interfax) - The ArcelorMittal Krivoi Rog (AMKR) steel works in Ukraine is ramping up output gradually and recommissioning two idle units, Ukrainian media reported, quoting the company's press office.

"If previously we operated at 25% capacity, we are now gradually increasing the level of production every day. This, in turn, will lead to an increase in jobs and taxes for our city and the Ukrainian economy," the company said.

It said it planned on April 21-24 to launch coke oven batteries No. 3 and No. 4, which will provide raw material to increase blast furnace production.

AMKR boosted crude steel output 90% year-on-year to 278,000 tonnes in Q1 2024. Output of other products grew 50%-90%.

Crude steel output rose 11% compared with Q4 2023 while iron ore concentrate output grew 38%, to 1.775 million tonnes. Output of blast furnace coke rose 16% to 245,000 tonnes.

ArcelorMittal Krivoi Rog is the largest producer of rolled steel in Ukraine. It specializes in the production of long products, in particular rebar and wire rod.