ArcelorMittal Temirtau steel production down 17% in 2012
November 02. Universal Newswires
Production at ArcelorMittal Temirtau, the Kazakh subsidiary of the global steel-maker, had a 17.4 percent dip in the first nine months of 2012, the firm said in a statement on Friday.
The plant in north-central Kazakhstan produced 2.362 million tons of liquid steel in the January-September period, down from production in the same period last year.
Iron output decreased 12.3 percent.
The slowdown in production is attributed to renovations in the plant, which are scheduled to be completed in early November. A new boiler plant with five blast furnaces is also in the midst of being constructed, and should be finished by the end of the fourth quarter.
“In Q3 we were able to stabilize the sintering plant and the continuous casting square billet (CCM-3). In Q4, we will focus on the work domain and section production. We plan to bring to the design parameters of the blast furnace number 2 and stop the third blast furnace. We also plan to hold spending cuts are not related to occupational safety and health, product quality and stability of production and customer service, ” General Director of JSC” ArcelorMittal Temirtau Vijay Mahadevan said in the statement.
Shipment decreased by 11.7 percent. Shipping declined to the Middle East but increased in Commonwealth of Independent States (CIS) markets.