Mittal reduces losses in Romania

Romanian steel producer ArcelorMittal Galati in 2010 was a loss of 10 million euros. This was stated in the company. The results were better financial performance of the Group during the year 2009, when the company ArcelorMittal Galati received the loss in the amount of 200 million euros. Recall that in spring 2010, concern has completed repair of blast furnace № 4. The cost of the work amounted to 2.7 million euros. It should be noted that immediately after the commissioning of blast furnace number four company started to carry out repair of blast furnace № 5. As is known, the global steel concern "ArcelorMittal" in Romania operates four steel mills, as well as the port operator Romportmet Galati and the local branch of the construction company ArcelorMittal Construction. Holding "ArcelorMittal" the world's largest steel producer. Concern is active in over 60 countries and produces a tenth of all world steel. The Group employs about 320 thousand people. Ministry of Industry