ArcelorMittal Kryvyi Rih (AMKR), Ukrainian subsidiary of Luxembourg-headquartered global steel giant ArcelorMittal, has announced its operational results for the full year of 2024.
In the given year, the company’s pig iron output totaled 2.17 million mt, increasing by 42.7 percent, while its crude steel production moved up by 70 percent to 1.65 million mt, both on year-on-year basis.
In 2024, AMKR’s rolled steel product output amounted to 1.53 million mt, rising by 72.1 percent compared to 2023, while its iron ore concentrate output grew by 71.7 percent year on year to 7.82 million mt. On the other hand, the company’s coke production came to 1.25 million mt, increasing by 48.5 percent year on year.
AMKR stated that it was unable to reach a break-even level in 2024, due to several difficulties such as shortages of energy supply, high energy prices and costly electricity imports, rising logistics costs and unfavorable steel prices. In mid-2024, the company managed to temporarily increase its steel production capacity to 50 percent, with the capacity utilization rate of its mining segment reaching about 70-75 percent of pre-war levels.
