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ArcelorMittal head says no output cuts for now

ArcelorMittal head says no output cuts for now
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First Published: Thu, Jun 03 2010. 03 07 PM IST
Updated: Thu, Jun 03 2010. 03 07 PM IST
Bangalore: ArcelorMittal, the world’s largest steelmaker, does not expect any production cuts in the immediate future, its chairman said on Thursday.
“We are not expecting production cuts now,” Lakshmi Mittal told reporters on the sidelines of an investors’ meet in the southern Indian city.
In April, ArcelorMittal had forecast a sharp recovery in demand and prices in all main markets in the second quarter.
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First Published: Thu, Jun 03 2010. 03 07 PM IST