ArcelorMittal Kryvyi Rih to invest USD $100 m in modernisation


The company intends to build a continuous casting machine.

One of Ukraine’s largest steel producing companies, ArcelorMittal Kryvyi Rih (Dnipropetrovsk Region), intends to invest around USD $100 m in building a continuous casting machine in 2017, CEO Paramjit Kahlon has announced, reports UNIAN.

“We want to build a continuous casting machine. The minimum investment needed will amount to around USD $100 m,” said Kahlon.

Reference information: Metallurgy company ArcelorMittal Kryvyi Rih, owned by Indian billionaire Lakshmi Mittal, is the largest producer of rolled steel in Ukraine, it specialises in long products such as reinforcements and rods.

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