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4-Traders Homepage  >  Equities  >  Euronext Amsterdam  >  ArcelorMittal    MT   LU0323134006

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ARCELORMITTAL : Romania ArcelorMittal Galati To Restart Plate Mill After 3 Years Idle - Mediafax

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05/11/2012 | 01:30pm CET

ArcelorMittal Galati, a unit of steelmaker ArcelorMittal (MT), Friday said its heavy plate mill No. 1 will resume production in the next few weeks, after staying idle for more than three years, news agency Mediafax reported.

"We want to increase efficiency and avoid production bottlenecks at plate mill no. 2," said Bruno Ribo, general manager of ArcelorMittal Galati.

Heavy plate production is expected to reach 1 million tons a year once both mills are up and running, Ribo said.

The plate mill no. 1 was shut down in the fall of 2008.

Luxembourg-headquartered ArcelorMittal owns four steel plants in Romania, in Galati, Iasi, Hunedoara and Roman, as well as harbor operator Romportmet Galati and the local unit of construction company ArcelorMittal Construction.

Agency web site: www.mediafax.ro

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Financials ($)
Sales 2016 58 020 M
EBIT 2016 3 820 M
Net income 2016 1 452 M
Debt 2016 11 733 M
Yield 2016 0,01%
P/E ratio 2016 21,25
P/E ratio 2017 18,14
EV / Sales 2016 0,65x
EV / Sales 2017 0,59x
Capitalization 25 900 M
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Mean consensus HOLD
Number of Analysts 25
Average target price 7,01 $
Spread / Average Target -17%
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Managers
NameTitle
Lakshmi Niwas Mittal Chairman & Chief Executive Officer
Aditya Mittal Chief Financial Officer
Brian E. Aranha Chief Technology Officer & Head-Strategy
Michel Wurth Non-Independent Non-Executive Director
Wilbur L. Ross Independent Non-Executive Director
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