ArcelorMittal to Stop Operations at Two European Blast Furnaces
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Update time : 2022-09-06 22:01:20
ArcelorMittal- the world's second largest steelmaker announced its decision to stop operations at two of its European blast furnaces due to escalating energy prices and falling demand which makes the continuation of these operations infeasible.
According to the company announcement, its furnaces in northern Germany and near Gijon in northern Spain will cease to operate until further notice at the end of the month. With this, the company will now have only 14 operating furnaces in the region.
