KYIV, Sept 25 – Due to difficult market conditions, ArcelorMittal Kryvyi Rih (AMKR), a mining and metallurgical plant in Dnipropetrovsk region, is forced to reduce production volumes and will operate only one blast furnace in the fourth quarter of this year. However, no staff cuts are planned, according to the company's CEO Mauro Longobardo in his address to employees regarding the state of the enterprise and future plans.

"In Q4 2024, we plan to adjust production levels in line with decreasing market demand and price levels for iron ore and metal products in Ukraine and globally. If we don't, it will lead to even greater losses," Longobardo said.