Arcelor Mittal

The Ukrainian subdivision of ArcelorMittal reduced steel output by 8%

​In May 2015 ArcelorMittal Krivoi Rog produced 561.2 thousand tons of steel against 607.9 thousand tons in May 2014.
ArcelorMittal Krivoi Rog in May 2015 significantly reduced the output of the main types of metal products. Steel making fell by 7.7% to 561.2 thousand tons against May 2014, finished rolled products – by 5.8% to 491.3 thousand tons and cast iron – by  5.9% to 496.4 thousand tons.
The CEO of ArcelorMittal Krivoi Rog, P. Kalon, says that the fall of production was planned and met the situation in the market.
“The production level was lower than in May 2014 in conformity with the preliminary forecast of weak demand for long rolled products in the domestic and export markets and due to the significant price fall for metal products”, Mr. Kalon said.

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ArcelorMittal makes loss in Q1

​ArcelorMittal has announced of its loss in Q1 2015 at the amount of $728 mln against $205 mln in Q1 2014. The company says one of the reasons was low price for iron ore and low level of production activity in the US steel sector. The volume of iron ore output rose by 5.4% to 15.6 mln tons, on the other hand, ore supplies in Q1 rose to 21.6 mln tons while steel making rose from 23 to 23.7 mln tons.

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ArcelorMittal increased loss by 3.5 times

​In Q1 2015 ArcelorMittal increased its net loss by 3.6 times to $728 mln against Q1 2014 but decreased it by 23% against Q4 2014.
The sales in Q1 made up $17.118 bln, by 13.5% less in annual terms and by 8.6% less against Q4 2014.
EBITDA fell by 21.4% in annual terms and by 24.1% in quarterly terms to $1.378 bln.
The quarterly operational profit of ArcelorMittal fell by 15.3% to $571 mln in annual terms while compared to Q4 the growth is 0.35%.
CEO and chairman of ArcelorMittal, L. Mittal, said the company faced a number of difficulties in Q1 such as the price fall for iron ore, strengthening of a dollar’s rate and growth of steel import in the USA. As a result EBITDA fell to $1.4 bln though the basic profit of the steel business stayed at the level of Q1 2014. Moreover, the results of operation of the European division showed the growth of EBITDA by 15% in annual terms. To smooth the influence of these problems, the company focused on the reduction of expenditure on the extraction of iron ore by 15% and improvement of competiveness in the USA. ArcelorMittal still expects a positive free monetary flow.

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ArcelorMittal Krivoy Rog was the leader on VAT return among the enterprises of mining and metallurgical sector

​In April 2015 ArcelorMittal Krivoy Rog was the leader on VAT return among the enterprises of the mining and metallurgical sector of the Ukraine. It was transferred 301.9 mln grivna.
The second was Poltava GOK – 254.9 mln grivna, the third MMK n.a. Ilyich – 204.1 mln grivna.
The next is Zaporozhsteel (169.8 mln grivna), Nikolayevsky clay plant (132.3 mln grivna), Azovsteel (99.8 mln grivna), GOK Evraz Sukhaya Balka (95.5 mln grivna), DMKD (80.9 mln grivna), Yuzhny GOK (50.7 mln grivna).
The Severny GOK received 38.5 mln grivna, Alchevsky metallurgical plant – 37.4 mln grivna, Yenakievo metallurgical plant – 33.4 mln grivna, Dneprostetstal – 29.1 mln grivna, Interpipe Nico Tube – 26.2 mln grivna, Interpipe NTZ – 21.1 mln grivna.

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In March ArcelorMittal Krivoy Rog increases steel production by 10 percent.

In March 2015 steel output in the largest steel plant in the Ukraine increased to 542.4 thousand tons.
In March 2015 the largest steel company of the Ukraine ArcelorMittal Krivoy Rog substantially increased the production of steel and metal. According to the press service of the plant, in March there were 542.4 thousand tons of steel smelted, which is 9.3 percent more than in the same period last year (y/y).

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In 2014, ArcelorMittal Krivoy Rog reduced losses

By results of 2014, ArcelorMittal Krivoy Rog reduced its losses as compared to previous years, but failed to reach the positive financial performances in connection with the fighting in the area of the Kiev’s anti-terrorist operation and problems with provision with Ukrainian raw materials.
"Last year because of the military conflict in the eastern region of Ukraine, we lost the opportunity to obtain the necessary raw materials for the production from Ukrainian suppliers. As our company is a part of an international corporation, we were able to quickly establish import of limestone, coal and coke from abroad, but the cost of raw materials increased significantly due to this, and hence our costs grew,"- said general director of ArcelorMittal Krivoy Rog Paramzhit Kalon at the conference of the enterprise’s staff on the implementation of the collective agreement.
According to him, in 2014, because of the supply of raw materials from abroad, the price of coke increased by 60%, the cost of limestone - five times. Also, the prices of natural gas, electricity and products transportation grew.

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ArcelorMittal makes a forecast of steel consumption in 2015

In 2015 the steel consumption in the world will rise by 1.5-2%, is said in the forecast of ArcelorMittal.
According to the document, the continuation of the demand growth by 1.5-2.5% is expected in Europe (compared to 3.4% in 2014). In the USA the consumption of metal products will stay at the level of 2014 (or will even fall by 1%) while in 2014 the US market showed a 10% growth.
After a 6% fall on the results of 2014, ArcelorMittal expects that the demand in Brazil will rise by 1-2% in 2015. A 1.5-2.5% growth is forecast in China.

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Metalloinvest to ship over 2 mln tons of iron ore concentrate to ArcelorMittal

The value of the contract is not released.
Metalloinvest of A. Usmanov has signed a contract for the supply of iron ore raw materials with the largest in the world steel making company ArcelorMittal, Metalloinvest reports.
In conformity with the reached agreement, until April 2016 Metalloinvest will ship over 2 mln tons of iron ore concentrate to ArcelorMittal. The iron ore concentrate will be used at the European enterprises of the group, is reported.
The value of the contract is not released.
“The price making for the shipped products will be in conformity with the existing market indices. The formula takes into account the dynamics of prices in the world market of iron ore concentrate”, Metalloinvest reports.

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ArcelorMittal leaves Russia.

The company sells coal assets in Kuzbass.
Foreign steelmakers continue to reduce the presence in the Russian Federation. Following Alcoa, which has sold the plant in Belaya Kalitva, ArcelorMittal of Lakshmi Mittal is getting rid of the Russian assets. It sells coal "Severniy Kuzbass", bought in 2008, for $ 720 million - NFC of the former managers of "Rostopproma". ArcelorMittal has been unable to develop an asset: in 2013 the production has fallen almost three times, but the Russian-Ukrainian conflict pushed it to sales, the market participants inform.

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Arcelor Mittal Krivoy Rog reduced rolled products output in 2014 by almost 2%

Arcelor Mittal Krivoy Rog (Dneptropetrovsk region) on the results of 2014 reduced the output of rolled products by 1.9% against 2013 – to 5 mln 555.4 thousand tons.
According to the press release of the enterprise, steel making in 2014 fell by 2.2% to 6 mln 291.4 thousand tons, cast iron – by 1.1% to 5 mln 546.6 thousand tons.
In December the enterprise produced 445.2 thousand tons of rolled products, 502.1 thousand tons of steel and 440.4 thousand tons of cast iron.
“The enterprise’s activity in December 2014 was mainly complicated by the lack of supplies of electric energy in the country in general, and that negatively reflected on our production level. That a month we received by 30-40% less of electric energy a day.

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