Kryvorizhstal

Kryvorizhstal auction (current name: ArcelorMittal Kryvyi Rih ) is a Ukrainian steel producer based in the Ukrainian city of Krivoy Rog. He asked in 2004 about seven million tons of steel which was ranked so under the steel manufacturers in the world at number 30 in 2004 achieved Kryvorizhstal auction a net income of $ 378 million and employs more than 50,000 employees. The company has its own ore and coal reserves.

In October 2005, Mittal Steel Company auctioned in a televised auction Kryvorizhstal auction for USD 4.8 billion. The company has since been incorporated under the name Mittal Steel Kryvyi Rih in the Mittal Group. In the medium term would increase production to 10 million tonnes in Mittal. The biggest German steelmaker ThyssenKrupp produced in 2004 in all of its European steel mills together a total of 17.6 million tons of steel.

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