Production of steel and pig iron went down as well
ArcelorMittal Kryvyi Rih PJSC (AMKR) cut production of rolled products in 2020 by 7.6% to 4.3 million tons against 2019, according to the Company’s website.
Steel production fell by 12.1% to 4.7 million tons in 2020 against 2019. Pig iron production decreased by 6.9% to 4.9 million tons, and sinter ore by 7.9% to 9 million tons.
Last year, the Company increased ore mining by 4.5% to 25.6 million tons against 2019. Production of concentrate grew by 8.3% to 10.7 million tons. Coke production dropped by 5.3% to 2.6 million tons.
“Production performance in 2020 turned to be better compared to the pessimistic forecasts. Upon results of the year, the production plan of the mining department was overfulfilled. Both market situation and the upgrade of the crushing and beneficiation complex contributed to it. In the second half of the year, fast recovery of business activity helped us minimize losses in production and shipment of finished goods,” said CEO of ArcelorMittal Kryvyi Rih, Mauro Longobardo.
In 2019, ArcelorMittal Kryvyi Rih increased production of rolled products by 11.2% to 4.7 million tons against 2018. Steel production grew by 11.8% to 5.3 million tons, and pig iron by 14.9% to 5.3 million tons.
ArcelorMittal Kryvyi Rih PJSC is an integrated steelmaking company, a part of the ArcelorMittal Group. Its activity covers the entire production route from iron ore mining and coke production to manufacture of finished metal products. ArcelorMittal Kryvyi Rih produces semi-finished and long products.