ArcelorMittal Kryvyi Rih faces challenges in 2024, including energy shortages and rising costs
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Update time : 2025-01-23 16:46:05
ArcelorMittal Kryvyi Rih, Ukraine's largest mining and metallurgical enterprise, faced significant operational challenges in 2024. The company reported operating at a loss due to multiple factors, including insufficient electricity supply, high costs of imported electricity, elevated logistics expenses, and unfavorable market conditions for metal products.
During mid-2024, the company's metallurgical production capacity reached approximately 50%. Meanwhile, the mining division operated at 70-75% of its pre-war production levels.
These operational constraints prevented ArcelorMittal Kryvyi Rih from achieving profitability during this period.
