First Deputy Prime Minister Roman Sklyar denied the rumors on transfer of ArcelorMittal Temirtau to Severstal, Russia’s largest mining company. Journalists asked Sklyar whether any negotiations were held with Severstal on transfer of ArcelorMittal Temirtau. “That’s not true. There are no negotiations on this issue. Do not believe these rumors,” he said. “The company (ArcelorMittal…
Minister of Industry and Infrastructure Development Kairbek Uskenbayev informed about the review of contractual obligations on ArcelorMittal Temirtau. According to him, the Prosecutor General’s Office carries out a comprehensive inspection of the company’s activity. “The results of the inspection will be announced additionally,” he said. As reported, on December 12, at the Cabinet’s extended session,…
Prime Minister Alikhan Smailov announced the government’s measures in regards to the Arcelor Mittal Temirtau JSC upon death of miners. According to him, the subsoil use contract for JSC Arcelor Mittal Temirtau has been amended for the first time. Henceforth, the company will have to invest at least 150 billion tenge annually in modernization of…
Kazakh President Kassym-Jomart Tokayev and ArcelorMittal Chairman and CEO Lakshmi Mittal held a meeting. The meeting focused on the issues related to the provision of safety conditions at plants, fair salaries for local residents, fulfillment of social obligations and upgrading the company’s logistics base. The President drew attention to the issue of meeting the demands…
During his working trip to Karaganda region Prime Minister Alikhan Smailov visited a number of industrial and social facilities in Temirtau. The head of the Kazakh Government familiarized with the work of the blast furnace No. 3 at JSC ArcelorMittal Temirtau and discussed the industrial safety maintenance with the leadership of the company. For instance,…
In June, ArcelorMittal resumed shipping steel to Russia via ArcelorMittal Temirtau. In March, the group said it would stop exporting steel to the aggressor country. Steel is supplied at the prices much lower than in Russia and Europe. Exports to Russia at dumping prices began on June 10. In the second half of the month,…
ArcelorMittal Temirtau JSC has expressed its readiness to redirect nearly 50,000 tons of metal products to the port of Aktau with their further shipment through Azerbaijan and Georgia, being part of Trans-Caspian International Transport Route, or TITR, the Ministry of Industry and Infrastructure Development reports. As previously reported, due the Russian invasion of Ukraine and…
In 2020, ArcelorMittal Temirtau received a net loss of 29.652 billion tenge as opposed to a net profit of 80.648 billion tenge in 2019. Revenue grew by 12%, to 720.498 billion tenge, while gross profit decreased 3.7-fold, to 41.467 billion tenge. EBITDA was -32.23 billion tenge versus 106.046 billion in 2019. Last year, AMT produced…