Investment, "ArcelorMittal Krivoy Rog" in the development of production exceeds 390 million dollars
Despite the reduction in the budget of the investment program, "ArcelorMittal Kryvyi Rih" is planning to complete this year its key investment projects and to start new. They will require significant cash injections.
According to the company, we are talking about the reconstruction of the first block BOF (converters №№ 1-3), the modernization of the largest blast furnace No. 9, the construction of the pelletising plant, which will close two sintering with increased wear.
"Their commitment to reducing industrial impact on the environment of the largest mining and metallurgical enterprise of Ukraine's intention to implement", - said in the "ArcelorMittal Kryvyi Rih".
In January – September 2019 capital and operating costs, "ArcelorMittal Kryvyi Rih" has already exceeded 282 million dollars. According to the forecast, in 2019 they will be more than $ 390 million.
this year on world markets significantly dropped the prices of steel products, especially in the second half of the year, along with rising costs adversely affects the financial condition of the company. In terms of reduced cash flow is difficult to find funds to implement large-scale investment projects. However "ArcelorMittal Kryvyi Rih yet maintains a high pace of investment.