One of the largest manufacturers became in the world, Acelormittal predicted a drop in demand for steel in the fourth quarter, and possible losses of profit due to an increase in the cost of iron ore raw materials in the world market.
The production of steel in Arcelormittal dropped sharply from 24.8 million tons in the second quarter to 19.6 million tons in the third quarter of 2010, i.e. almost 20%. The use of production capacities fell from 78% to 71%.
The fall of demand is associated, according to the company, with the weakening of the economy in the USA and Europe in combination with the slowdown of industrial growth in China.
Earlier it was reported that ArcelorMittal may receive a license to develop an iron ore mine in the Indian state of Karnataka later than expected. As you know, the corporation is interested in ore mining to provide raw materials with a planned metallurgical enterprise in the region. The cost of a steel plant is $ 6.7 billion.
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ArcelorMittal predicted a drop in demand for steel in the fourth quarter of 2010
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Azovpromstal® 1 November 2010 г. 00:01 |
