ArcelorMittal, one of the largest mining and metal companies in the world, which owns ArcelorMittal Kryvyi Rih (Dnipropetrovsk Oblast), plans to invest $1.2 billion in Ukraine in the coming years, Ukrainian President Petro Poroshenko has said.
“In coming years ArcelorMittal Kryvyi Rih will invest $1.2 billion in Ukraine,” Poroshenko wrote on his Twitter page during a visit to the enterprise in Kryvy Rih after a meeting with Board Chairman and Co-owner of ArcelorMittal Lakshmi Mittal.
Poroshenko was attending the launch of a modernized blast furnace which had $132 million in it.
As reported, ArcelorMittal Kryvyi Rih saw a 1.9 percent decline in rolled steel output in 2014, to 5.56 million tonnes, steel output fell by 2.2 percent, to 6.29 million tonnes, and cast iron output was dropped by 1.1 percent, to 5.55 million tonnes.
