ArcelorMittal Poland, a subsidiary of Luxembourg-based steel producer ArcelorMittal, has announced that it has decided to adjust the level of coke production in line with the difficult economic conditions. The company will suspend the coke plant in Kraków due to low demand and the ratio of the price of coking coal to the price of coke.
“The current conditions in the coke market do not allow us to fully use our production capacity. The demand for coke has dropped significantly, but we are also dealing with an unprecedented situation in the coking industry - the price of coking coal fluctuates around the price of coke, which makes production unprofitable. Until the end of this year, all coking plant employees will remain at their workstations to prepare the installation for a safe shutdown,” Wojciech Koszuta, CEO of ArcelorMittal Poland, said.
Meanwhile, the company idled its wire rod line at the Sosnowiec plant on November 18 to be restarted on November 26, due to the difficult market situation, as SteelOrbis previously reported.
