ArcelorMittal invests one billion dollars in Ukraine

ArcelorMittal and the Ukrainian government signed an agreement on the Steel Billion project, under which huge sums have been invested to improve the efficiency of the plant and reduce the burden on the environment.

  • The investment process is expected to take up to 5 years, but large projects should be completed by the end of 2023.
  • Major investments include the modernization of the blast furnace and the oxygen converter department, as well as the construction of a pelletizing plant.
  • Ultimately, CO2 emissions should be nearly halved. The oldest and most burdensome departments will be closed forever.

ArcelorMittal signed an agreement with the Ukrainian government to invest $ 1 billion in projects to modernize steel production at the Krivoy Rog Metallurgical Plant and reduce its environmental impact. There is no mention of this in the information, but since the company is signing an agreement with the government, there must be some form of public support somewhere in the background.

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