Date: 2 months ago   Category: Society

ArcelorMittal will reduce smelting at the Brazilian plant Barra Mansa


The ArcelorMittal corporation will temporarily reduce smelting of steel at the Barra Mansa mini-plant relating to its Brazilian division. The enterprise is located in Rio de Janeiro and produces about 800 thousand tons of fittings and a rod iron a year.

As reports ArcelorMittal Brazil, the output of finished goods will not undergo changes as the enterprise will receive semi-finished products from other Brazilian plants of corporation. Moreover, reduction of smelting became on Barra Mansa which was earlier a part of the Votorantim Siderurgia company and acquired by ArcelorMittal in 2018 it is carried out within production integration and pursues achievement of effect of economy at scales.

In 2018 ArcelorMittal, the largest metallurgical corporation of the world, melted 92.5 million t became that is 0.6% less, than the previous year. More than half-month idle time of Arselormittal Temirtau plant in Kazakhstan because of the accident which happened on November 10 became one of the reasons of this decrease.

At the same time, the volume of global sales of corporation made $76.03 billion in 2018 that for 10.7% exceeded the level of previous year. The indicator of EBITDA added 22.1% in comparison with 2017 to 10.265 billion

the current year of ArcelorMittal predicts falling of growth rates of visible consumption of steel on a global scale up to 0.5-1% in comparison with 2.8% in 2018. At the same time in China recession for 0.5-1.5%, and in the countries of the rest of the world - increase in demand for 2-3% is expected.

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