ArcelorMittal postpones new steel mill construction in Kazakhstan
August 11. Steel Guru
It is reported that ArcelorMittal has postponed the construction of its new 4 million capacity steel mill in Temirtau in the Karaganda region of Kazakhstan.
According to Mr Frank Pannier CEO of ArcelorMittal Temirtau, the company is currently experiencing difficulties due to the insufficient capacity utilization at the existing production facilities and in conditions when demand is slowing down in the world markets, it could not guarantee the mill’s full capacity utilization in the event of its construction.
However, Mr Pannier affirmed that the mill would certainly be built in the future.
The project for the construction of a new 4 million tonnes capacity steel mill in Temirtau was started in October 2008 and was expected to cost about KZT 7 billion. The new mill was expected to boost the company’s annual production capacity to 10 million tonnes.
ArcelorMittal Temirtau is also reported to have temporarily delayed the implementation of its largest environmental project valued at USD 120 million for the construction of gas purification facilities at its converter plant, which is a major source of pollution.