ArcelorMittal Production Continues to Grow Slowly
OREANDA-NEWS. June 15, 2010. OJSC ArcelorMittal Kryviy Rih announced its May production results.
MAJOR PRODUCTION FIGURES, Thousand tons
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Jean Jouet, CEO, ArcelorMittal Kryviy Rih: “May production has followed similar trend of the previous months. The trend for recovery of the market is uncertain and we have been experiencing some slowing down affecting export orders in the last weeks. So we keep our production capacity aligned with market requirements. Non refund of VAT was and still remains the main issue for us. Our receivables have gone above the 300 million USD , which is a tremendous level that creates cash management issues. Urgent solutions by state authorities to solve this issue are expected urgently”.
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