Mittal profit

The funds have allowed the firm to acquire bonds from its investor Mittal Steel, worth almost $500 (zł.1,716) million. "Thanks to this move Mittal Steel Poland will post significantly higher profits than interest on bank deposit," said Jacek Mireński, the company's PR manager. However, trade unions and steel sector representatives do not trust the investor, fearing the funds may never be returned to the domestic company. Recently South Africa accused Mittal Steel of pumping $100 (zł.343) million out from the country.