ArcelorMittal plans to shut down Florange coking plant

Wednesday, 12 February 2020 17:17:49 (GMT+3)   |   Istanbul
       

ArcelorMittal France has announced that it is planning to shut down its coking plant in Florange by 2022-23, aiming to reduce its arbon footprint by more than 30 percent by 2030.

ArcelorMittal cited sluggish market conditions, particularly in the automobile sector, the increasing cost of carbon dioxide, pressure from non-European steel imports, and unfair competition as the reasons for the planned closure.

The company will invest in its Dunkirk plant to lower its needs for coke, which it is importing from the Florange plant currently.


Most Recent Related Articles

Kemal Saraç: Turkey’s pipe exports to EU down 20% due to quotas

Kerem Çakır: Next year will see fluctuations in demand

Tolga Kisacikoglu: Flats demand in Turkey may rise by 10-15% in 2021

Veysel Yayan: Turkey’s crude steel output in 2020 to reach 35 million mt

Turkey’s HRC prices surge on back of lively demand, limited availability