Arcelor strategy targets Brazil, Ukraine and India
With Brazil and the Ukraine already identified as strategic targets for Arcelor, The Hindu Business Line reports that the steelmaker has now set it sights on India for future growth.
This strategy was revealed by Alain Davezac, Senior Vice-President of Arcelor's International Business Division, who attended the Steel Metallics India 2005 conference in Kolkata last week.
Notwithstanding the country's high electricity costs and infrastructure bottlenecks, India is considered by Arcelor as a potentially cost competitive production base because of its iron ore reserves, as well as an important future "growth basin" for steel demand. South America and the CIS countries are seen by the steel producer as the other important future sources of steelmaking raw materials.
blogger@steelonthenet.com
This strategy was revealed by Alain Davezac, Senior Vice-President of Arcelor's International Business Division, who attended the Steel Metallics India 2005 conference in Kolkata last week.
Notwithstanding the country's high electricity costs and infrastructure bottlenecks, India is considered by Arcelor as a potentially cost competitive production base because of its iron ore reserves, as well as an important future "growth basin" for steel demand. South America and the CIS countries are seen by the steel producer as the other important future sources of steelmaking raw materials.
blogger@steelonthenet.com
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