ArcelorMittal invests in Poland steel plant

World's largest steel producer ArcelorMittal announced on Thursday that it invested €80 (zł.267) million to set up a rolling mill in Warsaw. The move allows the company to tap into the growing construction market in Poland.

The company announced in a statement that ArcelorMittal Warszawa, a subsidiary of ArcelorMittal Group, following an €80 million investment will give the company a wide product range and secure market share in a booming economy.

The new rolling mill, which rolls metal into sheets, bars and other products, has a production of 650 KT per year. It can also manufacture rebars of 840 mm, plain bars of 1650 mm, squares, flats and channels, the company said in a statement.

Over the past three years the group has invested €920 (zł.3,076) million in Polish steel plants.

Source: Reuters