ArcelorMittal will take an active part in post-war reconstruction of Ukraine – CEO

The company is ready to establish a joint venture with European investors in the mining sector

ArcelorMittal Kryvyi Rih is ready to take an active part in the post-war reconstruction of Ukraine. This was announced by Mauro Longobardo, CEO of ArcelorMittal Kryvyi Rih, during the event “Towards the Ukraine Recovery Conference 2025” in Milan.

According to him, this is a historic moment for the country, as the restoration and development of infrastructure will be closely linked to structural reforms on the path to EU integration. Ukraine has a unique opportunity to learn from the best global practices and challenges faced by industries such as metals and mining, particularly in Europe. This will help create a positive investment environment for interested foreign investors.

Mauro Longobardo noted that working in the face of frequent power outages, air attacks, and staff shortages has made ArcelorMittal Kryvyi Rih more resilient and they hope to increase production.

Currently, the company cooperates with leading Italian suppliers of technology and equipment, including DANIELI, Ekoplant, ATOMAT, CEBA, Schnell, TRE ALTAMIRA, and OLTEK.

“We also call on the potential Italian and European partners to explore the next level of cooperation and to consider a joint venture in developing Kryvyi Rih mining sector with our ArcelorMittal Kryvyi Rih which possesses resources, permits, equipment, technologies and vast mining expertise,” he said.

The event is a key stage in the preparations for the Ukraine 2025 Recovery Conference to be held in Rome in July. The event was jointly organized by the Italian Ministry of Foreign Affairs and International Cooperation (in cooperation with the Italian Foreign Trade Institute), the Lombardy Regional Administration, the Ministry of Foreign Affairs and the Ministry of Economy of Ukraine. The event brought together about 350 leading representatives of Italian, Ukrainian and international companies, government agencies, financial institutions and business associations.

As GMK Center reported earlier, ArcelorMittal Kryvyi Rih managed to increase production of all types of products in 2024 compared to 2023. Despite this, due to a number of negative factors, the company did not break even. Last year, iron production increased by 42.7% year-on-year – to 2.17 million tons, and steel production increased by 69.9% year-on-year – to 1.65 million tons. Rolled steel output amounted to 1.53 million tons, up 72.1% y/y.