ArcelorMittal Zenica plans to close coke plant
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Update time : 2024-04-07 16:00:21
ArcelorMittal Zenica revealed plans to close its coke plant because of escalating costs and dwindling demand. The plant has operated for over 40 years but was inactive from 1992 to 2008. ArcelorMittal Zenica pointed out that ongoing maintenance hasn't prolonged its lifespan, and upgrades fail to meet environmental standards.
The company's CEO, Nikhil Mehta, expressed the company's commitment to minimizing the impact on the local economy and preserving jobs by facilitating employee transfers to other Zenica plants. Despite the closure, steel production will persist via blast furnaces, with coke sourced externally. ArcelorMittal Zenica pledges to collaborate with stakeholders to ensure business sustainability.
