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Article: ArcelorMitta to shutdown one steel plant in Romania
- Article from:
- Xinhua News Agency
- Article date:
- November 11, 2008
CopyrightCopyright 2008 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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ArcelorMitta to shutdown one steel plant in Romania
BUCHAREST, Nov. 11 (Xinhua) -- Steelmaker ArcelorMittal Hunedoara
will close its Hunedoara plant for approximately two months because
of the current economic crisis, the company said Tuesday.
"The plant will cease its production in the next days. The last
time this plant stopped its production was in the '30s when the
economy was hit by a major crisis," said general manager Remus
Patan.
ArcelorMittal, the world's leading steel company, last week said
it would cut production 30 percent in the fourth quarter as a result
of the gloomy international economic conditions.
Patan said the Hunedoara plant will not be ...