February 1, 2008 / 6:27 AM / in 11 years

China's Valin Steel says output hit by power cuts

SHANGHAI, Feb 1 (Reuters) - Valin Steel Tube & Wire Co (000932.SZ), one-third owned by ArcelorMittal (MT.N)ISPA.AS, has halted or cut production on some lines due to power outages in Hunan Province, where it is based, the company said on Friday.

Severe snow and ice storms across cental and southern China have led to power outages in provinces such as Hunan, a major centre for Chinese metal production, forcing shut downs at several base metal smelters, including the country’s largest zinc producer, Zhuzhou Smelter Group Co (600961.SS).

“The power shortages, due to damage to the provincial power supply system by the ice and snow calamity, caused shut downs and production cuts on some production lines,” Valin said. It gave no production loss figures.

Valin said it had responded by moving steel mill overhauls ahead of schedule and expected the situation to improve in the next several days. (Reporting by Alfred Cang; Editing by Edmund Klamann)

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