President of Ukraine Volodymyr Zelensky met with ArcelorMittal Chairman and CEO Lakshmi Mittal, where the sides discussed the development of green metallurgy and increased investment in Ukraine, taking into account environmental characteristics due to international standards. According to the presidential press service on Wednesday, the company, as the largest foreign investor in Ukraine and one of the largest steel producers in the world, will launch the Steel Billion investment program in our country, which provides for investments of almost $1 billion in the ecological modernization of steel production in Kryvy Rih.
“Investments in the Ukrainian economy and the environment are a positive signal for all investors, to whom we will provide comprehensive support,” Zelensky said.
He also pointed out the need to finish the modernization of coke-chemical, sinter and blast-furnace production as soon as possible, which are the largest pollutants. The company confirmed its readiness to complete this program by the end of 2023.
The meeting was attended by First Assistant to the President Serhiy Shefir; Deputy Heads of the President’s Office Ihor Zhovkva and Yulia Svyrydenko; Director of JSC Helios Rostyslav Shurma; CEO of ArcelorMittal CIS Vijay Goyal; CEO of JSC ArcelorMittal Kryvyi Rih Mauro Longobardo.