Evraz May Halt Some Czech Operations Until ArcelorMittal Agreement
14 5월 2010 - 8:21PM
Dow Jones News
Russian steel producer Evraz Group SA (EVR.LN) said Friday it
may suspend some operations in the Czech Republic if it doesn't
reach a price agreement with ArcelorMittal (MT), which supplies pig
iron to the local plant.
Vitkovice Steel is the largest producer of steel plates in the
Czech Republic, but accounts for a small proportion of the 885,000
metric tons that Evraz made and sold in Europe last year.
A spokesman for the Russian company said the plant has been
losing money since 2009, blaming this on the high prices for pig
iron demanded by ArcelorMittal, the world's largest steelmaker.
He said the company's rolling mills would continue operating
using imported steel if the pig iron dispute with ArcelorMittal
isn't resolved.
Company website: www.evraz.com
-By Will Bland and Alexander Kolyandr, Dow Jones Newswires; +7
495 232 9198; william.bland@dowjones.com
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