ArcelorMittal produced 1.1 million tons of rolled steel in 2022

In 2022, the output of pig iron amounted to 1.6 million tons, and steel – 1.2 million tons

In 2022, ArcelorMittal Kryvyi Rih reduced the production of rolled products by 76.1% compared to 2021 – to 1.1 million tons. The company’s business plan for the production of steel products was fulfilled by 22.8%.

In 2022, the production of pig iron decreased by 70% compared to 2021 – to 1.6 million tons, and steel – by 75.6%, to 1.2 million tons. The company’s plan for 2022 provided for the production of 5.6 million tons pig iron and 5.1 million tons of steel, that is, the planned volumes were fulfilled by 29% and 23.1%, respectively.

ArcelorMittal also produced 1 million tons of coke of 6% humidity for the year, which is 62.7% less than the planned volume.

The production of iron ore by the mining and prossecing plant of the enterprise decreased by 56.1% y/y – to 11.6 million tons. Concentrate production for the year amounted to 4.5 million tons, which is 59.1% less year-on-year.

The production capacity of ArcelorMittal during 2022 was loaded by no more than 20-25% due to a decrease in export opportunities and restrictions in energy supply.

“The war put Ukrainian steel sector on the verge of survival. The level of production at ArcelorMittal fell by 5 times, but in 2022 we managed to preserve the key – our team of 26 thousand employees and our company as a whole. At the cost of great efforts, we did not allow our equipment to be damaged due to unpredictable enemy attacks and significant restrictions in the supply of electricity. The enterprise stood thanks to the responsible work and courage of our people, as well as financial support from the parent company,” noted Mauro Longobardo, CEO of the enterprise.

Despite the war, the company paid taxes, paid salaries to workers and steadily shipped products to customers. Last year, the process of decommissioning the two oldest coke batteries №1 and №2 was also started. Thanks to this, the company will reduce emissions in coke production by 37%.

“In 2023, energy supply will be a key factor for the stabilization and gradual recovery of production. Nevertheless, we plan to maintain our share in the domestic market and increase the shipment of finished products to the countries of the European Union. We hope that 2023 will be the year of exit from the crisis for the iron and steel industry, which is critically important for the recovery of the economy and the future reconstruction of Ukraine”, summarizes Mauro Longobardo

As GMK Center reported earlier, in 2021, ArcelorMittal increased production of pig iron by 7.9% compared to 2020 – up to 5.34 million tons. The production of rolled products increased by 5.2% y/y – up to 4.6 million tons, and steel smelting – by 5.2% y/y, to 4.92 million tons. Sinter ore production increased by 7.3% y/y – up to 5.34 million tons.

ArcelorMittal Kryvyi Rih is an integrated steelmaking company, a part of the ArcelorMittal Group. Its activity covers the entire production route from iron ore mining and coke production to manufacture of finished metal products. The Company produces semi-finished and long products and rolled sections.