Ispat Sidex plans to increase output in 2003

Ispat Sidex plans to increase output in 2003

The Romanian steelmaker Ispat Sidex, taken over by LNM Holdings in November 2001, is scheduled to ship 4.5 million tons of products in 2003, according to reports. This level will be achieved by increasing efficiency of operations and produce 5 million tons of liquid steel. To increase this liquid steel production level to 6 million tons is targeted in the long term. The priority is given to cold rolled and coated products by 25-30% and 30-40% respectively, and then the balance output will be allocated for hot rolled coil and plate. The intention is basically sell the increased output in the domestic market as well as recovering the import facilities into markets of serious flat importers, such as Turkey.