ArcelorMittal Kryvyi Rih to invest over $1.8 billion in environmental upgrade

Thursday, 08 August 2019 17:30:22 (GMT+3)   |   Istanbul

Ukraine-based ArcelorMittal Kryvyi Rih has announced that it will invest more than $1.8 billion in the next five years to reduce emissions by 50–55 percent, following an environmental investigation which left the commissioning of its new continuous caster suspended.

The company said that it now has opportunity to continue commissioning works on the continuous caster.

On July 20, the Security Service of Ukraine halted commissioning work at the caster, citing radiation exceeding safe levels in the equipment.

ArcelorMittal is one of the biggest foreign investors in Ukraine with a total investment value of $9.2 billion in the plant, including the takeover price. 

Most Recent Related Articles

ArcelorMittal South Africa declares force majeure, cuts workers’ pay

Metinvest halts production operation in Italy, slab output may be affected

ArcelorMittal Kryviy Rih’s crude steel output down 10.4 percent in Jan-Feb

ArcelorMittal reduces production at European plants

ArcelorMittal Poland postpones restart of blast furnace in Krakow