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ArcelorMittal Kryvyi Rih faces challenges in 2024, including energy shortages and rising costs

22 Jan 2025 16:11 reported by Lily Nguyen

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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.

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