ArcelorMittal Kriviy Rih steel output in 4 months up by 39% YoY

ArcelorMittal Kriviy Rih has announced that during the first four months of this year it has increased its crude steel output by 39.1% YoY to 2.038 million tons.

Product	April 2010, t	April 2009, t	Change, %
Pig iron	477,300	348,900	36.8
Steel	566,900	388,800	45.8
Rolled products	477,000	371,000	28.6

Product	January-April, 2010	January-April 2009, t	Change, %
Pig iron	1,780,300	1,314,200	35.5
Steel	2,038,200	1,465,000	39.1
Rolled products	1,776,300	1,402,200	26.6

Mr. Jean Jouet, CEO of ArcelorMittal Kriviy Rih, said the production figure for the month of April had confirmed the same trend as seen in March, while the level of ex-mill shipments in April was just below 500,000 tons.
He said that "Commenting on the April results, it has to be underlined that despite the memorandum of understanding signed between the government and the metallurgical sector, in April we witnessed a huge price increase for limestone from local Ukrainian suppliers, a significant increase of electricity tariffs and a continuous price increase for coal concentrate for coke production, both imported and of Ukrainian origin. As reported in various media, billet prices as well as rolled product prices were higher in the Black Sea area than in Ukraine”.
In May this year ArcelorMittal Kriviy Rih expects a similar level of production as in March to April. (SteelOrbis)