ArcelorMittal Kryvyi Rih's Q1 steel output down 7% on Covid-19 effects

April 15, 2020 / www.metalbulletin.com / Article Link

Steel output at ArcelorMittal Kryvyi Rih (AMKR) in Ukraine dropped by 7.14% year-on-year in the first quarter of 2020 on the negative effects of the Covid-19 pandemic.

The steelmaker produced 1.3 million tonnes of crude steel in January-March 2020, against 1.3 million tonnes in the corresponding period last year.
At the same time, the volume of finished products totaled 1.2 million tonnes in the first quarter, compared with 1.3 million tonnes a year earlier.

"Under the Covid-19 pandemic, we are striving to maintain production volumes, despite the difficulties faced by businesses worldwide in late February and March this year," AMKR chief executive officer Mauro Longobardo said in a...

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