“The market has weakened visibly in the last weeks. Prices have dropped by over $70 a ton across the board, while the volumes for the next weeks are uncertain,” said Bruno Ribo, general manager of ArcelorMittal Galati.
“We don’t expect the market to recover in 2013.”
Ribo expects ArcelorMittal Galati will have a difficult year in 2013, same as this year.
The official forecasts a full-year production of 1.6 to 1.7 million tons of steel in 2012.