ArcelorMittal - Latest news GMK Center

Voluntary exclusion of Russian products from the supply chain of companies can be more significant than country-level sanctions

The plant expect to reach 100% utilization level of the mining department by the end of April

The plant reoriented to iron ore concentrate production due to shutdown of metallurgical production

Company started the process of shutting down all blast furnaces

Production of rolled products and steel grew as well

The Company produced around 900 thousand tons of iron ore concentrate in November alone

Healthcare, education, cooperation with local communities and urban development were among the key investment areas

The Company transferred ₴13.4 billion in taxes and fees to the budgets of all levels in the same period

The mining & metals sector seeks to develop production of high value-added products

At the same time, iron ore production fell by 17% in the same period

Production of iron ore dropped by 8.3% in Q1

Lakshmi Mittal is going to invest $1 billion in environmental modernization of Kryvyi Rih-based steelmaking capacities