ArcelorMittal Temirtau to build long product mill
Reuters reported that ArcelorMittal Temirtau launched a new steel rolling facility at its Kazakh plant and said it would invest USD 7 billion in the country by 2013.
ArcelorMittal Kazakh unit said in a statement that the new facility will produce up to 400,000 tonnes a year of profile and other items used in the construction industry, for sale mostly on the Kazakh market, ArcelorMittal Temirtau.
ArcelorMittal reiterated its plan to double Kazakh steel output to 10 million tonnes a year by 2013. It said that “Of course, this would require large investments, about USD 7 billion.”
Mr Frank Pannier CEO of ArcelorMittal Temirtau last month said that the expansion project would cost USD 4 billion while an additional USD 1.3 billion was earmarked for improving safety at the facilities.
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