The world's largest steel company ArcelorMittal has announced that up to 2015 it plans to invest $894 million in the modernization of production at its Kazakhstan-based steelmaking subsidiary ArcelorMittal Temirtau. The investments form part of the program to increase steel production capacity at ArcelorMittal Temirtau to 6 million mt, almost double compared to the current capacity level.
As previously reported by SteelOrbis, in January-March this year ArcelorMittal Temirtau increased its crude steel production by 32 percent year on year to 963,300 mt. In the same period, the steelmaker's pig iron output rose by 29 percent to 822,300 mt, its rolled steel production increased by 19 percent to 784,300 mt, while its sinter output climbed up by 28 percent to 1.483 million mt - all on year-on-year basis.