Back losses in the first half of

ArcelorMittal Rodange & Schifflange could increase sales still strong
Steel exports increased from 407 300 tonnes to 426 400 tons
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Photo: Serge Waldbillig
The plant in Lingen ship.

(Rw) - The Luxembourg steel company ArcelorMittal Rodange & Schifflange (AMRS) writes in the first half of the year the red, but the turnover is rising sharply.

In the first six months drove the company a loss of 15.3 million euros, 27 percent more than the previous year (twelve million €). 2010, the Group reported an overall loss of 37.5 million €.

Sales in the first six months but strong again. End of June the company took a € 247.5 million in the first half of 2010, there were only 190.5 million. This represents an increase of 30 percent. The steel exports also increased from 407 300 tonnes to 426 400 tons. But also the raw materials became more expensive.
Demand for construction steel has fallen

The loss before interest, taxes, depreciation and amortization (EBITDA) is in the second half of a total of 5.3 million euros, 86 percent more than last year, when it amounted to € 2.8 million. The company sees but already the first positive results of the strategic plan, adopted in the first quarter.

Quartz-mining behind the mountain

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George Mueller next to the pile, composed of quartz. The raw material must be initiated from the host rock.

There had been fierce resistance in the community Tiefenbach, when it became known that the Passau reduce transport and dredging companies in Ritzing miller quartz want. The mining authorities southern Bavaria, the ultimate authority, approved the venture yet. His argument: The extraction of the mineral resources is in the public interest. Meanwhile, the reduction has been running for over a year - and the emotions seem to have subsided.

"It is understandable that people have been afraid," said George Mueller and his wife Heidi. The two are facing the hall next to the plant entrance and look up at a stately mound. The Millers have the mountain "artificially" built up. "For noise abatement reasons," she said, "we would not have to, but we want the residents are happy."