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Eurasia edition17 Aug 2026Daily briefingSearch
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Companies & Organisations

Kazakh Government to Finalize Nationalization Deal on ArcelorMittal This Month

The Kazakh government has no plans to consider foreign investors following the transfer of ownership of ArcelorMittal Temirtau to Kazakhstan, said Kazakh Minister of Industry and Construction Kanat Sharlapaev at a press briefing on Oct. 31.

ASTANA – The Kazakh government has no plans to consider foreign investors following the transfer of ownership of ArcelorMittal Temirtau to Kazakhstan, said Kazakh Minister of Industry and Construction Kanat Sharlapaev at a press briefing on Oct. 31.

“The government is not considering any foreign investors following the transfer of ownership rights to Kazakhstan. All current conditions at the enterprise, including those based on collective agreements with trade unions, wages, and the number of employees, will remain unchanged,” said Sharlapaev.

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