It is reported that ArcelorMittal Temirtau, Kazakhstan based subsidiary of the world largest steel producer ArcelorMittal will restart the construction project of its new 4 million capacity steel mill in Temirtau in the Karaganda region of Kazakhstan in 2011.

Mr Vadim Basin plant technical director said "We have agreed with the national investment committee a two year extension of the terms for the implementation of the project ie first construction works will begin no earlier than 2011. The company's management had postponed construction of the new steel mill due to lack of the company own raw materials and the instability of the international steel market."

The project for the construction of a new 4 million tonnes capacity steel mill in Temirtau was started in October 2008, within the framework of ArcelorMittal program for the expansion of its annual steel production capacity in Kazakhstan to 10 million tonnes by 2013 which was expected to cost about USD 7 billion.

Sourced from www.steelorbis.com)
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