ArcelorMittal Kriviy Rih, Ukraine-based subsidiary of the world's largest integrated metals and mining company ArcelorMittal, has announced that during the first four months of this year it increased its crude steel output by 39 percent year on year to 2.038 million mt.
April 2010 |
April 2009 |
Jan-Apr 2010 |
Jan-April 2009 |
|
Pig iron |
477,300 |
348,900 |
1,780,300 |
1,314,200 |
Steel |
566,900 |
388,800 |
2,038,200 |
1,465,000 |
Rolled products |
477,000 |
371,000 |
1,776,300 |
1,402,200 |
The production figure for the month of April has confirmed the same trend as seen in March, while the level of ex-mill shipments in April was just below 500,000 mt, ArcelorMittal Kriviy Rih's CEO Jean Jouet said.
"Commenting on the April results, it has to be underlined that despite the memorandum of understanding signed between the government and the metallurgical sector, in April we witnessed a huge price increase for limestone from local Ukrainian suppliers (up to 45 percent), a significant increase of electricity tariffs and a continuous price increase for coal concentrate for coke production, both imported and of Ukrainian origin. As reported in various media, billet prices as well as rolled product prices were higher in the Black Sea area than in Ukraine," Mr. Jouet stated.
In May this year, ArcelorMittal Kriviy Rih expects a similar level of production as in March-April.