Czech steelmaker to boosts production: report

The country’s biggest steelmaker, ArcelorMittal Ostrava, is planning to re-launch production at its third foundry according to media reports. The third foundry was closed and another two have been working at a fraction of their normal capacity after the company was hard hit by the global economic crisis and sharp downturn in demand. The business daily E15 said the steelmaker now had sufficient orders to work at around 60-75 percent of normal capacity which would involve bringing the mothballed foundry back into production from the start of 2010.