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ArcelorMittal Krivyi Rog Announced 2011 Financial Report

2012-11-23

Ukranian iron and steel plant ArcelorMittal Krivoi Rog in Dniepropetrovs'k announced its 2011 financial report with a profit of 2.143053 billion grivnas (about USD260 million). In 2011, the company increased a net income by 23%, or 5.402789 billion grivnas, to 28.882969 billion grivnas.

According to the report, ArcelorMittal Krivoy Rog announced its 2012 output plan for its product portfolio as follows:

Product	Output (thousand ton)
Rebar	2704.9
Wire rod	1764
Cold/hot-rolled steel plate	346.8
Steel billet	885

In 2011, in addition to its domestic sales, ArcelorMittal Krivoy Rog exported its products to 59 countries in the world. The company's main export markets covered Near East, Africa, the Commonwealth of Independent States (CIS) and Turkey and the shares of these markets were 72.8% of the total exports. Near East was the largest market of the company's exports in 2011 with 1.606967 million tons or 39.9%. Africa was the second largest market accounting for 12.76% of the total exports and African countries such as Ghana, Senegal, and Benin were its export partners. Moreover, CIS was in the third place.

The report also indicated the company's 2011 sales performance including a comparision with that of 2010 as follows:

Year	2010	2011
Profit (million)	UAH 1200	UAH 2143
Net income (million)	UAH 23480	UAH 28883
Net income YoY growth (million)	UAH 9080	UAH 5403
Net income YoY growth (%)	63%	23%