The Ministry of Finance of Kazakhstan commented on the possibility of selling the assets of ArcelorMittal Temirtau to Russian investors. According to the Minister of Finance of Kazakhstan Erulan Zhamaubaev, there is a possibility of transferring the company's assets to the ownership of the Russian metallurgical company Severstal.
The decision to change the company's shareholders was made against the background of high mortality at work and a weak investment policy. Currently, the Kazakh authorities are negotiating with the company's shareholders on their exit from the Kazakh business.
Now it is clear why the US Steel union was categorically against the sale of the American steel corporation to ArcelorMittal.