Kryvyi Rih is a city in the Dnipropetrovsk Oblast of Ukraine; it is the 8th-most populous city in the country. Perhaps the top steelmaking city in Eastern Europe. ArcelorMittal is the largest metallurgical complex in Ukraine with a full metallurgical cycle, including good control with underground ore extraction, ore mining and a processing complex, by-product coke and metallurgical production as well as agro-industrial complex. The main products of it are rebar and wire rod from ordinary and light alloys steels, sinter, concentrate, coke, pig iron, steel, section, and shape-rolled products. The PJSC ArcelorMittal Kryvyi Rih metallurgical plant is the source of 80% of atmospheric emissions in the city and 40% of those in the whole Dnipropetrovsk Region. The plant was built in 1934 as the Kryvorizhstal complex, privatized in June 2004, and then sold in June 2005 to the global company Mittal Steel. In 2007, the plant was renamed PJSC ArcelorMittal Kryvyi Rih. In 2006 ArcelorMittal receives a USD 200 million loan from EBRD to modernize its factory in Kryvyi Rih, with an eye to increase efficiency and to considerably improve the environmental conditions in the area. Five years later, after the project has been completed, there was no evidence of improvements in energy efficiency. Although carbon dioxide and other emissions decreased by 20 percent, the reduction that time was directly related to lower production levels during the economic crisis of 2008.