What PJSC ArcelorMittal Kryviy Rih does

PJSC ArcelorMittal Kryviy Rih is a vertically integrated steel producer located in Kryvyi Rih, Ukraine, operating as a subsidiary of ArcelorMittal S.A., the world's largest steel producer. The plant was acquired by ArcelorMittal in 2005 (then known as Kryvorizhstal) and runs a full iron-ore-to-finished-steel cycle, including iron ore mining and concentration, sinter, coke production, pig iron, steelmaking, continuous casting, and rolling. Product output spans iron ore concentrate and pellets, coke, pig iron, steel billets, rolled steel, wire rod, and fittings/welding electrodes. Customers are industrial manufacturers, construction-sector buyers, and the domestic Ukrainian steel-consuming industry, with historical export dependence on the EU market.

The company generates revenue by selling rolled steel and upstream inputs (ore, coke, pig iron) under multi-year contracts to industrial and construction buyers, with prices historically indexed to international steel benchmarks. Over 20 years the company has invested $11B+ in modernization, contributed UAH 114B+ in taxes, mined 400M+ tonnes of ore, and produced 100M+ tonnes of steel. It employs 22,000+ people and accounts for an outsized share of Ukrainian industrial output, with the broader Ukrainian steel/mining sector representing roughly 7% of GDP, 15% of exports, and 30% of rail and port cargo.

The business is currently lossmaking due to the EU Carbon Border Adjustment Mechanism (CBAM), which adds $60-90/tonne to export costs and has eliminated EU access equivalent to half of annual production, combined with elevated domestic electricity tariffs and war-related logistics disruptions. The company holds ISO 14001:2015 and ISO 45001:2018 certifications, received the Worldsteel Excellence in People Award 2024, and achieved a zero-fatality year in 2025 (the first since 2006), with accident frequency falling from 0.59 to 0.32 per million man-hours.

Name

PJSC ArcelorMittal Kryviy Rih

Legal name

PUBLIC JOINT STOCK COMPANY "ARCELORMITTAL KRYVYI RIH" (PJSC "ARCELORMITTAL KRYVYI RIH")

Website

https://ukraine.arcelormittal.com

Company type

Public

Founded year

2005

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

PJSC ArcelorMittal Kryviy Rih is a vertically integrated Ukrainian steel producer owned by ArcelorMittal, mining iron ore and producing coke, pig iron, rolled steel, wire rod, and fittings for industrial and construction customers across domestic and export markets.

Ownership category

akta.pro rank

Product category

Steel Manufacturing

SIC

Miscellaneous Metal Ores (1090)

akta.pro primary industry

Iron Ore Mine Development & Expansion (EPC, Construction, Commissioning) (IMAKAAAB)

akta.pro secondary industry

Mineral Processing Plant Design & EPCM (Flowsheet Development, Piloting & Scale-up) (IMAKALAK)

Keywords

• Integrated steel production
• Iron ore mining
• Coke chemical production
• Rolled steel products
• Wire rod fittings

Headquarters

HQ city

Kryvyi Rih

HQ country

Ukraine

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Others

Revenue model

1. Steel Production and Sales: Primary revenue from production and sale of rolled steel products (6.52 million tonnes in 2025). Products include billets, wire rod, fittings, and other steel products sold to industrial customers domestically and for export.
2. Iron Ore Mining and Processing: Mining and processing of iron ore as part of integrated steel production, with over 400 million tonnes of ore mined over 20 years.
3. Coke Chemical Production: Coke-chemical production as part of integrated metallurgical operations, supplying raw materials for steel production.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

PJSC ArcelorMittal Kryviy Rih is a vertically integrated steel manufacturer operating iron ore mining and processing, coke-chemical production, and metallurgical steel production. Its finished steel product portfolio includes rolled steel, wire rod, fittings, and billets supplied to industrial and construction customers in Ukraine and for export, primarily to the European Union. The enterprise operates a single integrated production cycle from raw iron ore extraction through to finished long steel products.

Product overview

PJSC ArcelorMittal Kryvyi Rih is a vertically integrated steel manufacturer operating as part of the global ArcelorMittal group. The company operates a complete production cycle encompassing iron ore mining and processing, coke-chemical production, and metallurgical steel production. Its product portfolio includes raw materials (iron ore), intermediate products (coke), core products (steel), and finished steel products (rolled steel, wire rod, fittings, and billets). The enterprise is currently operating under wartime conditions with significant disruptions to EU exports due to CBAM implementation.

Differentiator

Problem solved

Functional benefit

Products and services

• Iron Ore Iron ore extracted and processed through mining and enrichment operations for use as feedstock in the company's own steel production and for metallurgical use.
• Coke Coke produced through the company's coke-chemical operations, used as a reducing agent and fuel in blast furnace steelmaking.
• Steel Steel produced through metallurgical operations including blast furnace steelmaking; output in 2025 was 6.52 million tonnes of rolled steel, materially reduced from pre-war 2021 levels due to wartime conditions and the EU's CBAM carbon border levy.
• Rolled Steel Products (Rolled Steel, Wire Rod, Fittings, Billets) Finished long steel products including rolled steel, wire rod, fittings, and billets supplied to industrial manufacturers and construction companies as raw material inputs.

Quantifiable outcome

• Zero fatal workplace accidents in 2025 - first time since 2006
• +2 more outcomes

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• JSW Steel: India's largest integrated steel producer with captive iron ore and expanding capacity. Comparable integrated business model with focus on emerging-market growth, increasingly relevant as global steel demand shifts toward Asia.

Broad incumbents

• Salzgitter AG: European integrated steel producer focused on flat and sectional steel products. Comparable as a blast-furnace steelmaker directly impacted by CBAM, competing for the same EU customer base AMKR historically supplied.
• ArcelorMittal: The parent company and world's largest steel producer operating across 60+ countries. Comparable as a global integrated steelmaker with iron ore mining, but operates at a vastly larger and more diversified scale than the Ukrainian subsidiary.
• U.S. Steel: American integrated steel producer with iron ore mining (Minnesota) and blast furnace steelmaking. Comparable integrated structure and end-product mix, but with stable North American market focus and no exposure to war/CBAM.
• Tata Steel: Global integrated steel producer with iron ore mining and steelmaking operations across India and Europe. Comparable integrated business model and product portfolio, but operates at much greater scale and geographic diversification.
• ThyssenKrupp Steel Europe: Major European integrated flat steel producer serving EU automotive, construction, and industrial customers. Comparable as a blast-furnace-route steelmaker affected by CBAM and EU decarbonization policy, directly competing for the same EU customers AMKR has lost.

Direct peers

• MMK (Magnitogorsk Iron & Steel Works): One of the world's largest integrated steel producers, operating iron ore mining, sinter, coke, and blast furnace steelmaking. Directly comparable in process route, integrated structure, and finished steel product portfolio.
• Metinvest: Ukraine's largest vertically integrated steel and mining group, with iron ore, coking coal, and steel operations comparable to AMKR. Operates in the same country under similar wartime conditions, competing for domestic and EU market share, and is the most direct head-to-head peer.
• Severstal: Russian integrated steelmaker with captive iron ore (Karelsky Okatysh and Olcon) and coking coal assets. Highly comparable vertically integrated structure serving construction, industrial, and export markets like AMKR.
• NLMK (Novolipetsk Steel): Russian integrated steel producer with iron ore mining (Stoilensky), coke, and steelmaking operations using blast furnace technology. Closely comparable vertically integrated model and end-product mix (billets, slabs, rolled steel) to AMKR.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/arcelormittal

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PJSC ArcelorMittal Kryviy Rih