How does Central Asia factor into ArcelorMittal’s global steel strategy?

Despite the volatility in global market demand for steel, global steel

producers that are still looking at growth or at least trying to improve

their margins.

As mentioned by Mike Elliott, the global head of mining for Ernst and

Young, one of the key strategies that these steel producers are deploying is

to develop some of their newer capacity closer to market, and that there

have been a trend on quite a number of joint ventures and in fact some

Greenfield operations starting to crop up in places like India which is actually putting that

production much closer to the customer.

That is exactly whatSteel giant Arcelor Mittal is doing in Central Asia, where it is developing

new mining operations to be closer to its main consumer market – China.

With Central Asia’s close proximity to China, we should be expecting more steel companies

leveraging on Central Asia to grow their business in Asia.

At Central Asia Mining Congress 2012,Mr Frank Pannier , Vice President , Africa and CIS

, ArcelorMittal UK will be speaking on why Central Asia is essential for his company’s

steel strategy.The Central Asia Mining Congress is a strategic mining event of Central Asia

which in turns gives a comprehensive view of mining sector of various Central Asian and

Caucasus region.

To be held in Almaty, Kazakhstan, it is 3 day event which is directed towards providing a

complete view of emerging trends and issues of mining sector in all over world.

For more information, please visit our website at: www.terrapinn.com/camining or

download the brochure

For more information on the outlook of global steel sector, read this article: http://www.steelguru.com/international_news/Ernst_and_Young_outlook_for_global_steel_sector_in_2012/246533.html