ArcelorMittal to further reduce production in Europe

Wednesday, 29 May 2019 10:45:05 (GMT+3)   |   Istanbul
       

Luxembourg-headquartered global steel producer ArcelorMittal has announced that it will take additional steps to adjust its European production levels to further align its production to the current market demand. The company continues to be impacted by weak market demand and high import levels in Europe.

Accordingly, ArcelorMittal will reduce primary steelmaking production at its facilities in Dunkirk, France and Eisenhüttenstadt, Germany; reduce primary steelmaking production at its facility in Bremen, Germany in the fourth quarter of this year, where a planned blast furnace stoppage for repair works will be extended, and will extend the stoppage planned in the fourth quarter of this year to repair a blast furnace at its plant in Asturias, Spain.

Geert van Poelvoorde, CEO, ArcelorMittal Europe - Flat Products, said that this will be a temporary measure that will be reversed when market conditions improve.

As SteelOrbis previously reported, ArcelorMittal announced on May 6 that it would reduce its European steel output by 3 million mt.


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