Dáil Éireann díospóireacht -
Thursday, 23 Feb 1995

Vol. 449 No. 6

Written Answers. - Irish Steel Production Targets.

Mary O'Rourke

Ceist:

79 Mrs. O'Rourke asked the Minister for Enterprise and Employment the monthly production targets which Irish Steel has set itself; the production levels which have been reached in each month; and the financial implications of these results. [4192/95]

Minister for Enterprise and Employment (Mr. R. Bruton)

The following table sets out the production targets and levels achieved by Irish Steel for the five month period October 1994 to February 1995:

October 1994toFebruary 1995	Finished Steel
Actual	Budget
October	23,353	22,821
November	25,495	25,721
December	22,352	24,823
January	13,666	16,685
February(up to 21st)	23,300	23,800

During the above five month period, production of finished steel was 5 per cent less than budget. This has resulted in a negative contribution to profitability of approximately £200,000. The company expects the shortfall to be made up by the end of the financial year 30 June 1995.