logo
Plus   Neg
Share
Email

ArcelorMittal To Adjust European Production Levels On Weak Demand - Quick Facts

ArcelorMittal (MT) has decided to further adjust its European production levels to align with weak market demand. The company will reduce primary steelmaking production at its facilities in: Dunkirk, France and Eisenhüttenstadt, Germany; and at Bremen, Germany. On 6 May, ArcelorMittal announced it intends to temporarily idle production at steelmaking facilities in Kraków, Poland and reduce output in Asturias, Spain.

The company noted that the announced actions will be a temporary measure that will be reversed when market demand improve.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The United Auto Workers at General Motors will remain on strike until ratification of a new four-year labor contract, the union said on Thursday. GM's proposed agreement includes an $11,000 ratification bonus to workers, wage increases of 4 percent throughout the four-year contract, no increases in health care costs; and a path to permanent worker status within four years or less. Streaming giant Netflix Inc. (NFLX) announced that it secured rights to Jeff Smith's critically acclaimed comic book series BONE. Netflix said it plans to develop an animated kids series based on BONE that follows the iconic Bone cousins on an adventure through a vast, uncharted desert and into a... Swedish luxury auto maker Volvo Cars unveiled its first fully electric car, the XC40 Recharge. The XC40 Recharge is a part of the electrified car portfolio that Volvo plans to introduce under the new 'Recharge' sub-brand. The company said it plans to launch a fully electric car every year over the...
RELATED NEWS
Follow RTT
>