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ArcelorMittal Kryvyi Rih - Latest news GMK Center

Photo – Green steel, grey realities: bridging the EU-Ukraine gap
Green steel, grey realities: bridging the EU-Ukraine gap

Europe and Ukraine are on parallel paths toward decarbonization, and they can succeed acting together

Photo – Decarbonization of Ukraine’s steel industry: the European way
Decarbonization of Ukraine’s steel industry: the European way

Access to European financing instruments is a key condition for decarbonization

Photo – Between war and tariffs: will the economy survive the rise in the cost of Ukrainian Railways services?
Between war and tariffs: will the economy survive the rise in the cost of Ukrainian Railways services?

The business requires UZ to optimize its operations, predictability and predictability of tariff setting

Photo – The increase in Ukrainian Railways tariffs will be a “black flag” for iron and steel industry
The increase in Ukrainian Railways tariffs will be a “black flag” for iron and steel industry

The main reason is that state monopolies are shifting their losses onto enterprises

Photo – Additional growth in logistics costs may make ArcelorMittal’s production activities impossible
Additional growth in logistics costs may make ArcelorMittal’s production activities impossible

The increase in Ukrainian Railways tariffs is negatively affecting the plant, which has been suffering losses since the beginning of the war

Photo – What the current logistical situation in Ukrainian steel industry looks like
What the current logistical situation in Ukrainian steel industry looks like

High logistics costs in addition to rising energy prices and tariffs lead to losses for companies in the industry

Photo – We need to find a fair and competitive electricity price
We need to find a fair and competitive electricity price

If this business shuts down, there’s little else to replace it – especially in metals and mining

Photo – ArcelorMittal Kryvyi Rih has been operating at a loss for the fourth consecutive year – Mauro Longobardo
ArcelorMittal Kryvyi Rih has been operating at a loss for the fourth consecutive year – Mauro Longobardo

The company’s CEO stated that the company cannot sustain the energy costs and requires solutions to maintain production

Photo – Electricity prices in Europe showed mixed trends in June
Electricity prices in Europe showed mixed trends in June

In Ukraine, the weighted average price for day-ahead trading last month was €100/MWh

Photo – Ukraine increased imports of long products by 89% y/y in January-May
Ukraine increased imports of long products by 89% y/y in January-May

Domestic producers are calling on the government to introduce a 25% preventive duty on imports of long products

Photo – Will there be enough gas on the domestic market for Ukrainian industry?
Will there be enough gas on the domestic market for Ukrainian industry?

Rising natural gas prices amid problems with domestic production have a negative impact on Ukraine's economy

Photo – ArcelorMittal Kryvyi Rih produced a record 70 heats in a series at CCM №2
ArcelorMittal Kryvyi Rih produced a record 70 heats in a series at CCM №2

This became possible due to teamwork and technical innovations in the BOF Shop

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