ArcelorMittal signed with the Ministry of Economic Development a Memorandum on support for investment projects with significant investments by PJSC ArcelorMittal Kryvyi Rih for the period 2022-2032

Member of the National Investment Council – company ArcelorMittal signed with the Ministry of Economic Development a Memorandum on support for investment projects with significant investments by PJSC ArcelorMittal Kryvyi Rih for the period 2022-2032.

According to the Memorandum, in the next 10 years, ArcelorMittal Kryvyi Rih is ready to increase its investment portfolio to about $ 1 billion.

The signing of the Memorandum is one of the first successful examples when a large international company plans to use state incentives offered by Law 1116-IX "On state support of investment projects with significant investments in Ukraine."

The Memorandum provides for the following areas of development and investment:

- "green metallurgy", which contributes to less pollution and reduced carbon impact;

- sustainable development of iron ore mining - extension for 30 years of prospects of mining activity;

- creation of new productions, in particular rolling and bar mills;

- modernization of existing facilities;

- circulatory economy and waste management (biomass utilization, regulation of CO2 emissions, processing of slags and sludges).

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