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Saturday, August 13, 2011

ArcelorMittal Ukraine unit in July cuts steel output by 14pct YoY

Saturday, 13 Aug 2011

Bloomberg reported that ArcelorMittal Ukrainian unit steel production declined 13.6%YoY in July from the same month a year ago.

Mr Alexander Ioskov who heads the production department at ArcelorMittal Kryvyi Rih said output fell to 425,100 tonnes from 492,100 tonnes.

Steel production declined to 3.08 million tonnes in the first seven months of the year from 3.56 million tonnes in the same period a year ago after a blast furnace malfunctioned in June.

(Sourced from Bloomberg)

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