China’s Sinosteel started work this week on a 3-year, $250 million project to build a new metal pelletizing plant at

China’s Sinosteel started work this week on a 3-year, $250 million project to build a new metal pelletizing plant at ArcelorMittal Kryvyi Rih, Ukraine’s largest integrated steel company. The plant is part of $700 million that ArcelorMital, Ukraine’s largest foreign investor, is spending to replace or rebuild Soviet-era equipment – largely sinter mills and blast furnaces. The investments will save energy and reduce air pollution by 78,000 tons a year, Volodymyr Tesliuk, deputy director for mining, said at the groundbreaking ceremony.