Following a 45% decline in the global steel market, one of the world’s largest steel producers is putting the brakes on production. Luxembourg-based Arcelor Mittal, which is a major producer of reinforcing bar, among other construction materials, has virtually shuttered its Cleveland plant. Arcelor Mittal says it does not know when steel-making operations would resume. In related news, U.S. Steel announce on May 19 it is closing most of its steelmaking operations at its plant near Birmingham, Ala., which will affect 1,300 of 1,700 workers.
The former Soviet nation of Kazakhstan is ramping up completion of EXPO 2017—a futuristic megaproject estimated to cost between $3 and $5 billion that will showcase global energy efficiency and boost the host’s global profile
Cover photo by Neelam Mathews in Astana, Kazakhstan