ArcelorMittal Galati: Profit to triple to €1.1 bln in H1

The above-mentioned sources added that turnover for H1 2008 is similar to that in the first half of last year, of €1.15 billion, because the plant reduced its production of steel in the first six months to some 200,000 tons. “The rise in steel prices, now at recent record highs, as well as investments made in the past few years in the plant, and a drop in costs have lead to very high profit,” said sources.