Russian forces continue to wage rocket attacks on Ukraine’s cities and energy networks. So far, the destruction has caused at least one steelmaker and one iron ore producer to lower their production levels.
AG Metal Miner
ArcelorMittal Kriviy Rih sits in the Dnipropetrovsk Oblast area. The site can produce an estimated 6 million metric tons per year of crude steel via the BF/BOF route. It casts this into billets for rolling into long products like wire rod, rebar, and merchant bar.“Three steelmakers in areas of the country under Kyiv’s control – ArcelorMittal Kryviy Rih, Kamet Steel and Zaporizhstal – are now operating at an average 50-60% of capacity, which totals 13.5 million metric tons per year” sources said.
Ferrexpo’s active iron ore mining and enrichment assets are at Poltava, Yeristovo, and Belanovo. In an October 9 press release, the company stated its total commercial production for the first nine months of 2022 totaled 5.72 million metric tons. This indicates a decline of nearly one-third year-on-year from 8.43 million metric tons.
The rocket attacks on October 10 and October 11 impacted the capital city of Kyiv, the western city of L’viv, and Zaporizhstal. The latter is home to the Ukrainian flat steel producer of the same name.