In 2018, ArcelorMittal Kryvyi Rih increased investments up to 443 mln USD


ArcelorMittal Kryvyi Rih – the biggest foreign investor in the region, summarized the results of its investment program implementation in 2018. Capex and Opex were increased by one third vs. 2017 – from 337 to 443,4 mln USD. Including 348,8 mln USD – Capex and 94,6 mln USD – Opex.

One of the key 2018 projects is construction of two continuous casting machines amounting to about 144 mln USD: hot tests of one LFCC will be started in February this year. We want to complete reconstruction of light section mill No.250-4 this spring – 55 mln USD will be invested in it. This year reconstruction of Sinter Plant No.2 at the cost of more than 150 mln USD will continue as well. Out of six sinter strands, two have been already modernized: Nos. 5 and 6. Two more will be reconstructed this year, and the updating of Sinter Plant No.2 is planned to be completed in 2020.

Among the facilities completed in 2018, we can emphasize a complex of two new coke oven batteries Nos. 5, 6 – it was the largest investment project of the plant for the latest few years. The amount of the investments in the whole complex was almost 160 mln USD. Apart from that, a complex of closed loop cooling of waste BOF gas in the heat-exchanging boilers of three converters (Nos. 4, 5, 6) was commissioned – the costs amounted to 6,8 mln USD. In addition to that, a new BF gas pipeline of more than one kilometer length was constructed – from BF-9 to gas supply system of the shops (5 mln USD). Also, a modernized compressor No. 13 with 10 MW motor was commissioned at Oxygen Plant (1,5 mln USD).

As for Mining Department, there was aggressive modernization of Crushing and Ore Dressing Plants in 2018, pumping units were replaced, existing mining transport equipment was restored, new heavy-duty dump trucks were purchased, etc. Mining Department spent 54,5 mln USD just within the frame of capital expenditures. Last year it received four new BelAZ dump trucks of 136 tonnes capacity, two watering and irrigation machines and a bulldozer – 5,8 mln USD were allocated for their purchase. In 2019–2023 the Company intends on investment in the development of Mining Department even more 270 mln USD.

Last year ArcelorMittal Kryvyi Rih received 500 new open wagons, that allowed the plant to increase its own rolling stock 2,5 times.

In 2019, it is planned to invest in the enterprise development 450 mln USD. The total volume of capital investments in the development of production for 2018–2022 will increase from 1,5 to 1,8 bln USD – ArcelorMittal Group allocated additional financing for that.