ArcelorMittal to invest $1.2 billion in Ukrainian subsidiary

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.