Reuters reported that ArcelorMittal South Africa is aiming to increase production at its Newcastle plant by the fourth quarter of 2008.
ArcelorMittal SA in a statement said that the recent refurbishments to the plant, which cost around ZAR 300 million (USD 38.55 million) are expected to increase production.
The statement added that "ArcelorMittal South Africa aims to produce 5,132 tonnes per day by the fourth quarter of 2008, up from the pre reline current 4,660 tonne per day.”
The steel firm added that it expects production to increase by a further 5,440 tonnes per day by the end of 2008. It said that the repairs will extend operations at the plant until 2011, when it will begin a ZAR 20 billion expansion project at the sinter plant.
