Arcelor Mittal to increase Bosnian steel plant's output

Arcelor Mittal, the world's largest steelmaker, has announced on March 14 that it intends to almost quadruple production at its Bosnian factory with a $130 million cash injection. The project to reconstruct an integrated production route at the Mittal Steel Zenica plant in Bosnia is expected to take 16 months. Upon its completion, output at the plant will be boosted to two million tons annually from last year's 490,000 tons.