ArcelorMittal news headlines & press reports.

ArcelorMittal News

ArcelorMittal expects its Europe steel production to fall 1.5 ...
Sat, 17 Sep 2022 00:00:00 GMT
ArcelorMittal expects its steel production in Europe to fall by around 1.5 million tonnes in the fourth quarter compared with the year-earlier period as it idles capacity due to weakening demand and soaring energy prices, the company said. The worlds largest steelmaker earlier this month said it would curb output in Germany, Poland and Spain, notably by halting one blast furnace in each country. Steelmaking is among energy-intensive industries grappling with mounting costs as reduced


EU steelmakers' output cuts need to continue: distributors
Fri, 16 Sep 2022 00:00:00 GMT
Steel distributors and service centres in Europe hope domestic steelmakers will continue to limit output until the market returns to a level of balance between supply and demand, Kallanish heard from executives gathered at EUROMETALs Thursday meeting in Milan. Cesare Vigan, head of ArcelorMittal CLN Distribuzione Italia, said European steelmakers started cutting output late


HRC market stagnation persists in Italy
Tue, 13 Sep 2022 00:00:00 GMT
The Italian hot rolled coils market remains in a lull this week, with weak demand from re-rollers and service centres. Producers, however, are not in a rush to sell. Italian steelmakers are heavily reducing or shutting down production due to unsustainable energy costs. Acciaierie dItalia, the joint venture between ArcelorMittal and state-owned Invitalia, is


ArcelorMittal shuts down one more BF in Europe
Mon, 12 Sep 2022 00:00:00 GMT
ArcelorMittal will idle another blast furnace in Europe this time in Poland amid high costs and weak demand for steel products, the company said on Friday September 9 in a release seen by Fastmarkets.Operations at the companys xxx BF No 3 in Dabrowa Grnicza, Poland, will be suspended before the end of


ArcelorMittal Dunkirk to operate only one blast furnace
Tue, 06 Sep 2022 00:00:00 GMT
ArcelorMittal plans to operate only one of the three blast furnaces at its Dunkirk mill going forward, sources tellKallanish. This comes after the group announced last week its intention to reduce crude steel output at a number of its integrated plants across Europe, including Spain and Germany, due to increasing energy costs and lack


ArcelorMittal postpones EAF restart at Spanish steel mill
Fri, 02 Sep 2022 00:00:00 GMT
Europes leading steelmaker, ArcelorMittal, has postponed the restart of steelmaking operations at its plant in Sestao, Spain, in the face of poor market fundamentals, the company told Fastmarkets on Thursday September 1.The producer stopped operations at the electric-arc-furnace (EAF) based steelmaking plant in the middle of August for scheduled maintenance. Production was expected to


Ukraine: AMKR to suspend operation if ports remain blocked
Thu, 01 Sep 2022 09:46:11 GMT
If the blockade of the Ukrainian Black Sea ports is not lifted or global steel prices do not start growing, ArcelorMittal Kirviy Rih will have to completely shut down its operation. Speaking about 26 thousand employees, the company CEO Mauro Longobardo said that the support would not last forever. AMKR operates one blast furnace


EU CRC, HDG offers up despite limited trading
Thu, 01 Sep 2022 00:00:00 GMT
European producers have increased cold-rolled and hot-dipped galvanized coil offers in the week to Aug. 31, following ArcelorMittals announcement, but trading activity remained muted. Platts assessed domestic HDG prices in Northern Europe at Eur900/mt ex-works Ruhr, up Eur50 week on week. Official offers have been reported at Eur920-980/mt ex-works Ruhr and tradable value has


Weak demand pushes European HRC prices further down in week to ...
Wed, 31 Aug 2022 00:00:00 GMT
European hot-rolled coil (HRC) prices sank deeper in the week to Friday August 26 amid limited demand and persistent overstocking. Nevertheless, ArcelorMittal increased its offers to reflect surging costs, sources told Fastmarkets.Europes flagship producer,ArcelorMittal, increased its offer pricesfor all coil products on Friday, despite weak market fundamentals. Its new offers of hot-rolled coil (HRC)


Steel Industry Backs Temporary Ban On Metal-scrap Exports
Wed, 24 Aug 2022 12:32:04 GMT
By: Terence CreamerUpdated 7 hours ago Members of the South African Iron and Steel Institute (SAISI) have come out in full support of the proposed six-month ban on the export of scrap metal from South Africa. SAISI members include ArcelorMittal South Africa, Cape Gate, Columbus Stainless, Force Steel, Scaw Metals, SA Steel Mills and...


Steel Industry Backs Temporary Ban On Metal-scrap Exports
Wed, 24 Aug 2022 00:00:00 GMT
Members of the South African Iron and Steel Institute (SAISI) have come out in full support of the proposed six-month ban on the export of scrap metal from South Africa. SAISI members include ArcelorMittal South Africa, Cape Gate, Columbus Stainless, Force Steel, Scaw Metals, SA Steel Mills and...


ArcelorMittal orders two new converters for Dunkirk
Wed, 10 Aug 2022 00:00:00 GMT
DF Calderera Pesada (DFCP) has bagged an order from Primetals Technologies to build two new converters for ArcelorMittals steelmaking plant in Dunkirk, in northern France. The two converters are planned to be the worlds largest and will be installed next year. DFCP will construct and test the equipment at its plants in Gijn, Spain,



Number of ArcelorMittal news reports: 12
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