ArcelorMittal: Pre-Crisis European Demand In 3 Years At Earliest
27 Settembre 2010 - 11:17AM
Dow Jones News
Leading global steel producer ArcelorMittal SA (MT) sees
European demand returning to pre-crisis levels in three years, at
the earliest.
The usual average capacity utilization for European flat steel
is only likely to be reached between 2013 and 2015, Robrecht Himpe,
chief of the division said, speaking to journalists late
Friday.
In the third quarter, 18 of 25 blast furnaces for flat carbon
Europe are in operation. During the summer of last year, at a high
point in the crisis, the company was operating only 11 furnaces at
times.
Himpe's division provides around 30% of the company's total
steel production.
All four of the company's German production sites are
profitable, purchasing manager Frank Schulz said, however both
managers warned of fierce competition.
"At the moment we are ahead in the automotive sector, but our
competitors move fast," Himpe said.
-By Martin Rapp, Dow Jones Newswires; +49 (0) 211 13 87 214;
martin.rapp@dowjones.com
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