ArcelorMittal aims to increase iron ore and coking coal outputs in 2011

Global steel giant ArcelorMittal is planning to increase its iron ore and coking coal outputs in 2011 by 10 percent and 20 percent year on year respectively, according to the company's chief financial officer Aditya Mittal.
 
As Mr. Mittal stated, in the second quarter of the current year ArcelorMittal's iron ore production totaled 13.1 million mt, increasing by 2.4 percent, while its coking coal production rose to 2.1 million mt, up 23 percent, both compared to the corresponding period of 2010. In 2010, ArcelorMittal produced 48.9 million mt of iron ore and 7 million mt of coking coal.
 
In the first quarter of 2011, various factors had a negative impact on its outputs. Mittal said that the company is speeding up production currently in order to make up for this negative impact.