ArcelorMittal Kriviy Rih reduced August output due to sinter shortage

ArcelorMittal Kriviy Rih said that in August it registered MoM decreases in its outputs due to the shortage of sinter for pig iron production.

Products	July, t	August, t	January-August 2010, t	January-August 2009, t
Pig iron	419,400	404,000	3,487,200	2,865,100
Steel	492,400	462,400	4,018,600	3,256,700
Rolled steel products	416,100	476,200	3,527,800	2,961,600

Mr. Rinat Starkov, CEO of ArcelorMittal Kriviy Rih, said that "Part of the decline in August production was due to unsatisfactory work of the sinter plant", adding that this allowed the company to reduce its finished product inventories in warehouses and to improve its working capital.
He added that "Our plans for September are to stabilize production and look at the market. Yet, the signals from the market, I would say, are restrained.” (SteelOrbis)
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