ArcelorMittal:Europe Steel Over-Capacity Seen Next 12-18 Months
29 Novembre 2010 - 11:58AM
Dow Jones News
Steel capacity in Europe will exceed demand for the next 12 to
18 months, Arcelormittal (MT) said Monday.
Steel plants in the developed world are operating at 65% to 70%
right now, Michael Pfitzner Arcelormittal executive vice president
for commercial coordination and marketing told Steel Success
Strategies, a Metal Bulletin conference in London.
He added that the company has idled three additional blast
furnaces in Europe as a result of the imbalance forecast in
Europe.
"We must focus attention on best cost operations. We cannot keep
them all going," he said.
-By Devon Maylie, Dow Jones Newswires; +44 (0)20 7842 9483;
devon.maylie@dowjones.com
Grafico Azioni Arcelor Mittal (NYSE:MT)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Arcelor Mittal (NYSE:MT)
Storico
Da Lug 2023 a Lug 2024