ArcelorMittal Kryvyi Rih (AMKR), Ukrainian subsidiary of Luxembourg-headquartered global steel giant ArcelorMittal, has announced its production results for May this year.
In the given month, the company’s pig iron output totaled 247,000 mt, increasing by 15 percent year on year, while its crude steel output moved up by 68 percent year on year to 208,000 mt.
In May this year, AMKR’s rolled steel product output increased by 66 percent to 193,000 mt, while its iron ore concentrate output amounted to 631,000 mt, up by 86 percent, both year on year. Meanwhile, the company’s coke production in the same month increased by 53 percent year on year to 127,000 mt.
According to AMKR, the increase in steel production is attributed to the launch of blast furnace No. 6 and coke oven batteries No. 3-4 in the second half of April. However, since the company has to endure significant restrictions in electricity supply due to the ongoing attacks on the country’s energy infrastructure, the stability and efficiency of production processes is under negative impact.
AMKR plans to increase its capacity utilization rate from 25 percent to 50 percent in 2024.