Arselormital builds up the production of sheet steel in Europe

The European branch of the largest metallurgical company in the world Arselormital - Flat Carbon Europe reported an increase in steel production by 14.2 percent to 7 million 300 thousand tons in the first quarter of 2013 compared to 6 million 400 thousand tons in the fourth quarter of 2012. As the company emphasizes, production indicators improved after restarting furnaces in Asturia and Dunkirke.

It is possible to help reduce production costs and pressure relay for monitoring filters and other equipment.

Sales of metal distribution by the European branch of Arselormital in January - April grew in kind by 15.7 percent to 6 million 900 thousand tons compared to 6 million at the end of 2012. The supply of steel products increased due to the fact that European traders replenished stocks after the winter off -season.

In monetary terms, Flat Carbon Europe sales in the first quarter of 2013 amounted to 6 billion 800 thousand US dollars, which is 10.3 percent more than 6 billion 100 million in the last quarter of last year. Less growth in monetary terms in comparison with natural in the company explained the drop in prices for metal distribution to the EU.

The profit of Flat Carbon Europe before the EBITDA tax in the first quarter of 2013 amounted to $ 300 million, which is $ 8 million less than in the fourth quarter of 2012. This is due to the fact that in the fourth quarter the European branch of Arselormital actively sold quotas for carbon dioxide emissions, writing $ 210 million more than usual, respectively.