The world's largest steel producer ArcelorMittal has said that it plans to increase mining production at its own mines to 84 million mt in 2015 from 54 million mt in 2011. The expansion at ArcelorMittal Mines Canada (AMMC) to an eventual annual output capacity of 24 million mt is expected to gain speed during the first half of 2013.
Meanwhile, ArcelorMittal also plans to achieve 10 percent growth in shipments for iron ore in 2012 as compared to 2011. In the second quarter of 2012, ArcelorMittal's iron ore shipments, including long-term contracts, increased 21 percent as compared to the same quarter of the previous year.
Global steelmakers market-priced iron ore shipments of 8.2 million mt in the second quarter of 2012 were 21 percent higher than the previous quarter's market-priced iron ore shipments of 6.8 million mt due to favorable seasonal impact. ArcelorMittal noted that the 17 percent on year-on-year basis in the second quarter in market-priced shipments was primarily due to Liberia.