Aditya Mittal, CFO and Member of the Group’s management board, ArcelorMittal said the company is looking for acquisitions in steel and mining. Mittal added that the India plant is on track and will begin operations in 2012. Mittal added that ArcelorMittal is not looking for acquisitions in North Asia.
He is disappointed with the progress on the ONGC JV. According to him, “Steel prices have stabilized and the upmove will depend on demand. Industrial demand has not slowed down and growth continues to be strong. The focus is on organic growth.”
No comments:
Post a Comment