(Bloomberg) – ArcelorMittal’s Kazakh unit rejected a call by workers for a 30 percent pay increase because of weaker demand for steel products and the need to set aside funds to upgrade its plants.

The labour unions representing AO ArcelorMittal Temirtau’s 35,300-person workforce have declined the latest wage offer from management to adjust salaries for inflation and discuss other increases after a sales target for rolled steel is reached, the unit of the world’s biggest steelmaker said in an e-mailed statement today.

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