ArcelorMittal has announced plans to double the steelmaking capacity of its Temirtau plant in Kazakhstan, increasing its annual output from 5 to 10 million metric tons. The company is collaborating with local government for the planning and execution of the project, which will take five to nine years to complete and encompasses steelmaking and iron ore and coal extraction. Existing steel facilities will be modernized with the latest technologies and safety and environmental standards. New technologies will help upgrade the existing Atasu iron ore mine, and modernization of the existing coal mines will take place.
ArcelorMittal has signed an agreement to acquire Bakermet, a leader in the scrap-metal recycling industry. Located near Ottawa, Ontario, and specializing in all types of ferrous and nonferrous metal, Bakermet processed approximately 130,000 tons of ferrous and 40 million pounds of nonferrous metals in 2007. ArcelorMittal will use the plant to secure self-sufficiency in shredded metal for ArcelorMittal Montreal.
ArcelorMittal to Double Output in Kazakhstan
June 11, 2008