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ArcelorMittal Kryvyi Rih reduces production of rolled goods by 77% in 2022 due to war – CEO

KYIV. Jan 19 (Interfax-Ukraine) – PJSC ArcelorMittal Kryvyi Rih (Dnipropetrovsk region) in 2022 reduced the production of rolled goods by 77% compared to the previous year – to 1,100 tonnes.

According to a press release, in 2022 the plant reduced steel production by 76.3%, to 1.2 million tonnes, and pig iron by 71%, to 1.6 million tonnes.

Coke production decreased by 62.7% – to 1 million tonnes, iron ore – by 56%, to 11.6 million tonnes, concentrate – by 57.2%, to 4.2 million tonnes.

Last year the plant faced the toughest challenges in the history of independent Ukraine. The production volumes of the steel industry as a whole in the country decreased by 70%. Due to the full-scale war, the reduced export opportunities and limited energy supply, the production capacities of the plant last year were loaded by no more than 20-25%.

"The level of production at the plant fell by 5 times, but we managed to keep the key one – a team of 26,000 employees and the enterprise as a whole. At the cost of great efforts, we did not let our equipment be damaged due to unforeseen enemy attacks and significant restrictions in the supply of electricity. The enterprise survived thanks to the responsible work and courage of our people, as well as the financial support of the parent company," said Mauro Longobardo, the CEO of the company.

According to him, the company continues to pay taxes, wages, steadily ships products, creating new logistics routes from scratch.

"We also did not postpone environmental obligations: last year we began the process of decommissioning the oldest coke oven batteries No. 1, 2. Their shutdown will reduce emissions from coke production by 37%," the top manager emphasized.

He added that in 2023, energy supply will be a key factor for stabilizing and gradually resuming production.