It is reported that ArcelorMittal Kriviy Rih, Ukraine-based subsidiary of the world largest integrated metals and mining company ArcelorMittal, plans in 2010 to carry out the modernization of its converter shop by installing a new ladle furnace, a new continuous billet caster and by replacing its gas cleaning units.
ArcelorMittal Kriviy Rih 2010 investment projects are mainly focused on increasing the plant’s output, on reducing its production costs and on customer service. The amount of investments for 2010 has not been disclosed.
In 2009, ArcelorMittal Kriviy Rih business plan was significantly less than in 2008, amounting to $134 million, however the actual figure fell short of this amount due to a lack of cash especially in the first half of 2009. (SteelOrbis)