ArcelorMittal leaves Russia.
Edited by Rhod Mackenzie / 2015-01-19 06:45:15
Arcelor Mittal Finance Metals and mining Russia Financial results Shares Severstal Russia Metals and Mining Coal Steel
The company sells coal assets in Kuzbass.
Foreign steelmakers continue to reduce the presence in the Russian Federation. Following Alcoa, which has sold the plant in Belaya Kalitva, ArcelorMittal of Lakshmi Mittal is getting rid of the Russian assets. It sells coal "Severniy Kuzbass", bought in 2008, for $ 720 million - NFC of the former managers of "Rostopproma". ArcelorMittal has been unable to develop an asset: in 2013 the production has fallen almost three times, but the Russian-Ukrainian conflict pushed it to sales, the market participants inform.
