ArcelorMittal Released Its Plan in Savings by End of 2015

It’s reported that the steel giant ArcelorMittal released its plan of US$3 billion in savings by end of 2015, through enhancing its reliability and productivity at its blast furnace as and reducing its fuel costs.

The steel giant said that its asset optimization in the fourth quarter of 2011 is forecasted to save US$1 billion.

Also, ArcelorMittal expected a net debt target of around US$17 billion in mid-2013 and a medium-term net debt target US$15 billion.