Luxembourg-based steel giant
ArcelorMittal will invest $1.2 billion in its Ukrainian subsidiary
ArcelorMittal Kryvyi Rih, according to media reports quoting
ArcelorMittal CEO Lakshmi Mittal during his visit to the Ukrainian mill.
The company said that it is planning to continue with the
investments in the Ukrainian subsidiary until 2019. During the past three years,
investments made in
ArcelorMittal Kryvyi Rih have amounted to more than $1 billion.
In 2014,
ArcelorMittal Kryvyi Rih produced 25.1 million mt of
iron ore, 5.6 million mt of
pig iron, 6.3 million mt of
crude steel and 5.6 million mt of rolled steel products.