Arcelor Mittal Steel's profit in third season decreased

       World largest steel manufacturer Arcelor Mittal Steel declaimed that infected by the economy's fall and rise and Chinese macro control, the profit of the second half year will slip.
    The third season of this year is the worst, since the third season, world market is affected by European debt crisis, world steel needs is weaker. It was estimated that in the end of this year, Europe, America and Asia, steel price will probably rebound. According to Alcelor Mittal steel's prediction, third season's profit has decreased 27% of the second season, forth season will continuous decrease 9%, but company authority still believe that same period profit is better than last year.
     Arcelor Mittal told investor that company running status is better than 2008 and 2009. At present, cost-cut has made a certain progress, assert debt situation has improved a lot. In order to adapt to market needs, Mittal leads to cut production in Europe, as for now, five blast furnaces haven been closed and decided to close some production operation in Belgium.