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                        FRIDAY, AUGUST 19, 2022
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ArcelorMittal plans to invest $700-mln in Ukrainian steel operation
Journal Staff Report

KYIV, Aug 27 - ArcelorMittal Kryvyi Rih (Dnipropetrovsk region) plans to invest $700 million in the company in 2021-2024.

Mauro Longobardo, the CEO of the company, during a visit by the president of Ukraine to the enterprise with an American delegation led by U.S. Deputy Secretary of State Stephen Biegun, presented a complex of continuous casting machines Nos. 2 and 3 at the production site.

During the visit, the guests were able to assess the scale of construction of two new two-position ladle furnaces and continuous casting machines Nos. 2 and 3 with a total design capacity of 2.8 million tons per year. Now it is one of the company's key investment projects worth more than $160 million, the report says.




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