ArcelorMittal Kriviy Rih said that in August it registered MoM decreases in its outputs due to the shortage of sinter for pig iron production.
|
Products
|
July, t
|
August, t
|
January-August 2010, t
|
January-August 2009, t
|
|
Pig iron
|
419,400
|
404,000
|
3,487,200
|
2,865,100
|
|
Steel
|
492,400
|
462,400
|
4,018,600
|
3,256,700
|
|
Rolled steel products
|
416,100
|
476,200
|
3,527,800
|
2,961,600
|
Mr. Rinat Starkov, CEO of ArcelorMittal Kriviy Rih, said that “Part of the decline in August production was due to unsatisfactory work of the sinter plant”, adding that this allowed the company to reduce its finished product inventories in warehouses and to improve its working capital.
He added that “Our plans for September are to stabilize production and look at the market. Yet, the signals from the market, I would say, are restrained.” (SteelOrbis)
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