Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

ArcelorMittal’s Ukrainian subsidiary, Kryvyi Rih has invested in constructing a pelletizing plant, despite falling steel prices across the market. 


The company detailed the $300mn capex investment to construct a new pelletizing plant, with an annual capacity of 5mn mt, in a statement on August 6.


ArcelorMittal Kryvyi Rih is also installing 2 two-position furnace-bucket units worth $160mn within its facilities, designed to produce 2.8mn mt of steel billets. The modernization and repair works are also underway at four of the firm’s six sinter shops, to be completed in fall, with investments worth $180mn. 

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