The Ukrainian subdivision of ArcelorMittal reduced steel output by 8%
In May 2015 ArcelorMittal Krivoi Rog produced 561.2 thousand tons of steel against 607.9 thousand tons in May 2014.
ArcelorMittal Krivoi Rog in May 2015 significantly reduced the output of the main types of metal products. Steel making fell by 7.7% to 561.2 thousand tons against May 2014, finished rolled products – by 5.8% to 491.3 thousand tons and cast iron – by 5.9% to 496.4 thousand tons.
The CEO of ArcelorMittal Krivoi Rog, P. Kalon, says that the fall of production was planned and met the situation in the market.
“The production level was lower than in May 2014 in conformity with the preliminary forecast of weak demand for long rolled products in the domestic and export markets and due to the significant price fall for metal products”, Mr. Kalon said.
