December 03, 2008

ArcelorMittal Galati ordered to compensate Dunarom

AP reported that a court ruled ArcelorMittal Galati to pay USD 5.6 million in compensation to Romanian transporter Dunarom Trading Company.

As per report the High Court of Justice ruled that ArcelorMittal Galati had contributed to Dunarom's bankruptcy in 2003 after it unilaterally decided to cancel its contract with the transporting company.

As per report, the court's decision, which came three years after a lawsuit was filed, is final.

Arcelor Mittal Galati is part of ArcelorMittal SA, the world's largest steel maker.