ArcelorMittal’s Ukraine Unit Increases Production in December

ArcelorMittal (MT)’s Ukrainian unit said steel production rose in December from the same month a year earlier, the first time there’s been a year-on-year increase since August, as the mill finished equipment upgrades.

Production jumped by 13.9 percent, to 547,600 metric tons, from 480,600 tons in December 2010, ArcelorMittal Kryvyi Rih, based in the Ukrainian city of that name, said in an e-mailed statement today.

In 2011 as a whole, the unit’s output declined to 5.7 million tons, from 6.1 million the previous year, according to the statement.

To contact the reporter on this story: Daryna Krasnolutska in Kiev at dkrasnolutsk@bloomberg.net;

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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