Net profit of ArcelorMittal Krivoi Rog made up $55 mln in 2015

​In 2015 the net profit of ArcelorMittal Krivoi Rog made up 1 bln 380 mln grivnas.

In 2014 Krivorozhsteel made up 1 bln 180 mln grivnas of net loss.

The net profit of ArcelorMittal Krivoi Rog from the sale of products in 2015 grew from 36 bln 740 mln to 46 bln 260 mln grivnas. The amount of capital investment doubled to 5.17 bln grivnas.

According to the CEO, P. Kalon, 2015 became extremely complicated for the mining and metallurgical sectors. The prices for metal products fell by more than 50%, for iron ore – by 3 times, and the devaluation of the Russian rouble worsened the situation.

Until 2020 the head company will additionally direct $1.2 bln for the realization of a large-scale investment program of ArcelorMittal Krivoi Rog which unites all key directions of activity.

Many investment projects will be continued in 2016.

In 2015 ArcelorMittal Krivoi Rog reduced the output of finished rolled products by 5% to 5.28 mln tons. Steel making fell by 3.8% to 6.06 mln tons, cast iron- by 0.6% to 5.51 mln tons in 2015.