Arcelor to reduce flat carbon steel production
Luxembourg-based steel producer Arcelor announced plans to reduce its flat carbon steel
production by around 1 million tons in order to balance supply with lower demand in the European market.
Demand for flat carbon steel products in
Europe has decreased by 14% due to the high level of inventories, company sources inform.
In line with the plan, Arcelor will shut down a blast furnace in Stahlwerke Bremen, reduce
production at its Cockerilll Sambre in
Belgium and ACB plant in
Spain, and prolong the standby status of a blast furnace at EKO Stahl in
Germany.
Arcelor will follow its policy until demand returns to normal levels.