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| ArcelorMittal |
Joint Venture Plans with European Investors in Mining Sector
ArcelorMittal Kryvyi Rih is set to actively participate in Ukraine’s post-war reconstruction. Mauro Longobardo, CEO of ArcelorMittal Kryvyi Rih, announced this during the “Towards the Ukraine Recovery Conference 2025” in Milan. He emphasized that Ukraine’s recovery and infrastructure development will be closely linked to structural reforms on its path to EU integration.
Longobardo highlighted that Ukraine has a unique chance to adopt global best practices in industries like metals and mining, especially from Europe. This will help foster a favorable investment climate for foreign investors. Despite challenges such as power outages, air attacks, and labor shortages, ArcelorMittal Kryvyi Rih has strengthened its resilience and aims to boost production.
Strategic Partnerships and Joint Venture Opportunities
ArcelorMittal Kryvyi Rih currently collaborates with top Italian technology and equipment suppliers, including DANIELI, Ekoplant, ATOMAT, CEBA, Schnell, TRE ALTAMIRA, and OLTEK. The company is also encouraging Italian and European partners to explore deeper cooperation. Longobardo called on potential investors to consider forming a joint venture in the Kryvyi Rih mining sector, leveraging ArcelorMittal’s resources, permits, equipment, and expertise.
Ukraine Recovery Conference 2025 and Future Outlook
The Milan event is a crucial step leading up to the Ukraine 2025 Recovery Conference, set to take place in Rome this July. Organized by the Italian Ministry of Foreign Affairs and International Cooperation, along with the Lombardy Regional Administration and Ukrainian ministries, the conference gathered 350 key figures from international businesses, government agencies, and financial institutions.
Despite various economic hurdles, ArcelorMittal Kryvyi Rih significantly increased production in 2024 compared to 2023. Iron production rose by 42.7% year-on-year to 2.17 million tons, while steel output surged by 69.9% to 1.65 million tons. Rolled steel production climbed 72.1% year-on-year to 1.53 million tons. However, financial constraints prevented the company from breaking even.
