Romania's biggest iron-and-steel complex ArcelorMittal Galaţi,controlled by billionaire Lakshmi Mittal, will in early Januaryrestart the furnace stopped a month ago on the falling orders fromTurkey.
Thus, the furnace will be restarted two weeks earlier than therepresentatives of the complex had originally announced and it willoperate at 50-60% of its capacity, according to ZF estimates.
The company's representatives did not specify by edition close whythey decided to restart the furnace earlier.
At the same time, they expect to also restart the biggest furnaceof the complex next summer, with a capacity of 2 million tonnes,which was shut down in November 2008. Thus, starting the secondhalf of 2011, ArcelorMittal Galaţi production is likely to revertto full capacity for the first time since the onset of thecrisis.
"Despite the difficult economic environment, ArcelorMittal isinvesting further in Galaţi to maintain its production level byusing more secure, better and reliable equipment, such as theupgraded furnace no. 5, set to become a key piece of equipment toensure the competitiveness of the complex," say ArcerlorMittalGalaţi representatives.
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