ArcelorMittal Galaţi set to restart furnaces

Romania's biggest iron-and-steel complex ArcelorMittal Galaţi, controlled by billionaire Lakshmi Mittal, will in early January restart the furnace stopped a month ago on the falling orders from Turkey.

Thus, the furnace will be restarted two weeks earlier than the representatives of the complex had originally announced and it will operate at 50-60% of its capacity, according to ZF estimates.
The company's representatives did not specify by edition close why they decided to restart the furnace earlier.
At the same time, they expect to also restart the biggest furnace of the complex next summer, with a capacity of 2 million tonnes, which was shut down in November 2008. Thus, starting the second half of 2011, ArcelorMittal Galaţi production is likely to revert to full capacity for the first time since the onset of the crisis.
"Despite the difficult economic environment, ArcelorMittal is investing further in Galaţi to maintain its production level by using more secure, better and reliable equipment, such as the upgraded furnace no. 5, set to become a key piece of equipment to ensure the competitiveness of the complex," say ArcerlorMittal Galaţi representatives.