KIEV, June 22 – ArcelorMittal, the largest metal company in the world, has invested $1.2 billion ArcelorMittal Kryvyi Rih (former Kryvorizhstal, Kryvy Rih, Dnipropetrovsk region) and the company has no plans to sell the enterprise due to the difficult situation on the metal product markets, CEO Paramjit Kahlon said at a trade union conference held on June 11.

"We're doing business. Sometimes it brings profit, sometimes – not, there are only losses. If we have losses, it does not mean that everything should be left. The corporation has spent $1.2 billion here," he said.

Kahlon said that the company still has many projects, and some of them will be realized in the near future.