KYIV. July 20 (Interfax-Ukraine) – ArcelorMittal, one of the largest mining and metal companies in the world, which owns ArcelorMittal Kryvyi Rih (Dnipropetrovsk region), 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% decline in rolled steel output in 2014, to 5.56 million tonnes, steel output fell by 2.2%, to 6.29 million tonnes, and cast iron output was dropped by 1.1%, to 5.55 million tonnes.