KIEV, July 14 – ArcelorMittal, the world's largest metal company, has no current plans to sell its assets in Kazakhstan, Ukraine or South Africa, the press service of ArcelorMittal Kryvyi Rih has said in response to an article published by KazTAG, a Kazakhstan news service.

"ArcelorMittal confirms that it has no current plans to sell it's assets in Kazakhstan, Ukraine or South Africa," the group said.

"Operating conditions in these regions are very challenging, due to a combination of low economic activity and a falling demand for steel that is further exacerbated by high levels of imports, from China and elsewhere. The devaluation of the ruble is also affecting competitiveness in Kazakhstan. The company is therefore focused on implementing measures to improve the operational performance of the plants," reads the statement.