Image source: pixelied.com / pixabay.com
ArcelorMittal Kryvyi Rih, a leading steelmaking enterprise in Ukraine, aims to ramp up its production capacity utilization to 50% in 2024 despite facing various challenges. Mauro Longobardo, the company's CEO, revealed plans to boost production by leveraging improved maritime logistics, as stated in an interview with Delo.ua.
Longobardo highlighted the positive development of maritime logistics, particularly the accessibility of Black Sea ports for the company's products, including iron ore concentrate, pig iron, and rolled metal. He emphasized the significance of this advancement in facilitating increased production levels.
The company intends to maximize the capacity of its mining division and initiate operations of two blast furnaces in April 2024, marking a significant milestone toward achieving 50% of its pre-war capacity. Longobardo explained the cautious approach in delaying the launch of the second blast furnace earlier due to the risk of attacks on energy infrastructure,
LATEST NEWS
-
Kazakhstan and the UK Sign Strategic Partnership Roadmap for Critical Minerals Cooperation
23/05/2024
-
Norway to Launch Seabed Mineral Exploration Amid Environmental Concerns
23/05/2024
-
BHP and Kingsrose Mining Form Alliance for Nickel and Copper Exploration in Nordic Countries
23/05/2024
-
EU to Launch Critical Minerals Initiative for Green Transition
23/05/2024
MOST POPULAR
-
Kazakhstan seen to reach only 10% renewable generation by 2030
-
The Ministry of Foreign Affairs of Kazakhstan expects the signing of investment contracts with a number of large mining companies
-
EU’s top 10 emitters are all coal plants — and 7 of them are repeat offenders
-
China’s Naipu Mining Machinery plans to build factory in Serbia