Brazilian newspaper O Estado de S. Paulo reported Wednesday that ArcelorMittal has dismissed 45 workers from its longs mill ArcelorMittal Acos Longos in Juiz de Fora in the Brazilian state of Minas Gerais, essentially cutting 5 percent of the workforce.
Reduced demand for domestically-produced steel in Brazil driven by high foreign steel imports has been cited as the main reason for the cutback.
The workforce reduction in Brazil follows the temporary shut down the blast furnace at its plant in Eisenhüttenstadt, Germany, due to recently slow demand.