9,367.77 TRY BIST 100 BIST 100
4.79 CNY CNY CNY
34.56 USD USD USD
36.19 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
41.35 TRY Interest Interest
74.24 USD Fossil Oil Fossil Oil
30.90 USD Silver Silver
4.09 USD Copper Copper
100.80 USD Iron Ore Iron Ore
365.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,982.57 TRY Gold (gr) Gold (gr)

ArcelorMittal Temirtau will be bought by a Kazakh investor before December

According to the Prime Minister and Deputy Prime Minister of the country, Kazakhstan intends to close the agreement on the acquisition of ArcelorMittal Temirtau by an unnamed Kazakh investor by November 30.

ArcelorMittal Temirtau will be bought by a Kazakh investor before December

The investor and the contract price will be announced after all documents are signed. According to Kazakh Prime Minister Alikhan Smailov, no public funds will be used to finance the deal.

Preliminary criteria included the candidate's commitment to spend $3 billion on the reconstruction of the Temirtau steel plant over the next three years, as well as invest $1.3 billion to solve safety problems at the enterprise and mines supplying raw materials.

After signing the relevant documents, a program for resuscitation of the enterprise will be developed.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

South Korea's crude steel production decreased by 18.3% in October

Friday, November 22, 2024

SSAB and Saint-Gobain's slag reprocessing plant in Raahe progresses

Friday, November 22, 2024

US Steel Producer partners with Primetals Technologies for EAF Ultimate

Friday, November 22, 2024

Imported scrap prices on the decline, demand stagnant!

Friday, November 22, 2024

Roadmap for India’s steel sector: Demand, imports and future plans

Friday, November 22, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now