Mittal to build small plants in India

The world's largest steel company" ArcelorMittal "will be engaged in construction of small steel plants in India. This was stated in the Corporation, said Metal Bulletin. "The company intends to monitor the market and find ways to develop small-scale projects in various states in India with potential investment for each project within 1,5-3 billion dollars," - said in a holding company. It is also the concern added that the decision involves risks and the dangers of the big new steel projects. It was reported earlier that "ArcelorMittal" on the end of 2010 a net profit of 2.916 billion dollars against $ 157 million profit a year earlier. Sales Corporation last year reached 78.025 billion in 2009 revenues "ArcelorMittal" was estimated at 61.021 billion U.S. operating profit of the holding was 3.605 billion dollars against the operational loss of 1.47 billion dollars last year. In "ArcelorMittal" also noted that the volume of steel production increased with 71.6 million tons to 90.6 million tons. Extraction of iron ore rose from 52.7 million tons to 68.5 million tons. Holding "ArcelorMittal" the world's largest steel producer. Concern is active in over 60 countries and produces tenth of the world's steel. The Group employs about 320 thousand people. Ministry of Industry