Kazakhstan-based ArcelorMittal Temirtau plans to increase steel production to 5 million tonnes by 2017, the company's CEO Vijay Mahadevan said.
ArcelorMittal Temirtau has plans to upgrade Furnace No.4 and intends to repair two sinter machines within two years. All this would allow the company to reach production level of 5 million tonnes of crude steel a year but all would depend on the global market demand, Mahadevan told Interfax.
In 2014, steel production amounted to 3.5 million tonnes of steel, according to data posted on the company’s website, so output may increase 43 percent in by 2017.
Mahadevan also said the metallurgical company keeps to its plans to produce 3.7 million tonnes of steel this year as planned earlier.
ArcelorMittal Temirtau (formerly Ispat Karmet), the largest steel plant in Kazakhstan, is part of Arcelor Mittal, the world’s largest steel company. The group acquired the Kazakh plant in mid 1990s and made it a fully integrated metal combine, with early production reaching 5.5 million tonnes. The company owns eight coalmines in the Karaganda Region and four iron ore mines in Karaganda, Akmola and Kostanai regions.
