ArcelorMittal Kryvyi Rih, Ukrainian subsidiary of global steel giant ArcelorMittal, has announced that it has started preparations for the construction of its second continuous casting machine and a new ladle furnace as part of its large-scale investment program.
According to the company, the new equipment will have an annual production capacity of 1.4 million mt and the investment for the project is over $100 million. Construction is planned to be completed by the second quarter of 2018.