Ex-Soviet state to nationalize branch of world’s second-largest steelmaker

Ex-Soviet state to nationalize branch of world’s second-largest steelmaker

Kazakhstan announced the decision after more than 30 miners died in yet another incident at one of ArcelorMittal’s local facilities Kazakhstan will nationalize the local assets of ArcelorMittal, the world’s second-largest steelmaker, amid safety concerns after a series of deadly incidents at the company’s Kazakh mines, the press service of Prime Minister Alikhan Smailov announced…

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