ArcelorMittal Kryvyi Rih confirms interest in purchase or rent of Oktiabrsk port berths
ArcelorMittal Kryvyi Rih (Dnipropetrovsk region) has confirmed that it is interested in using berths at Oktiabrsk specialized seaport (Mykolaiv).
The company cannot ship the entire volume of its steel products through its existing berths in Mykolaiv, CEO of PJSC ArcelorMittal Kryvyi Rih Paramjit Kahlon said at the press conference "ArcelorMittal: ten years of sustainable development in Ukraine" at Interfax-Ukraine in Kyiv.
"Now we export 2 million tonnes of steel products through Mykolaiv port. We still need to ship another 2.5-2.8 million tonnes. Therefore we have serious plans as for Oktiabrsk port," he said.
He added that the company is also ready to rent the berths and purchase them through privatization.
"It depends on the decision of the state," the CEO said.
As reported, ArcelorMittal Kryvyi Rih plans to rent two or three berths at Oktiabrsk port. This was announced in August this year during the signing of a memorandum of understanding between the port and the steel mill. Investment will be determined after a feasibility is developed.