Kazakh company ups liquid steel production by 10.3 percent in 2011
Azerbaijan, Baku, March 6 / Trend E. Kosolapova/
The Kazakh Metallurgical Company ArselorMittalTemirtau increased liquid steel production by 10.3 percent in January - December, 2011 compared to the same period of 2010. The company produced 3.684 million tones of liquid steel in 2011, Novosti-Kazakhstan reported with reference to the company.
ArselorMittalTemirtau's cast iron production increased by 8.5 percent during the reporting period up to 3.141 million tons, while rolled metal production increased by 8.5 percent to 3.166 million tons.
The company produced 5.856 million tons of agglomerate in 2011 (11.4 percent increase), 3.956 million tons of iron ore concentrate (5.2 percent increase) and 10.620 million tons of coal (2.3 percent decrease).
ArcelorMittal enterprises' capital expenditures hit $383 million in Kazakhstan in 2011.
The company's capital expenditure target for 2012 is $328 million. Some funds of the capital expenditures will be sent to the environmental projects.
ArcelorMittal Temirtau is Kazakhstan's largest company in mining and metallurgy sphere.