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ArcelorMittal - Latest news GMK Center

Photo – ArcelorMittal Pecém is moving forward with the first phase of its hot-rolled coil production line project
ArcelorMittal Pecém is moving forward with the first phase of its hot-rolled coil production line project

An initial investment of around $7 million will be channelled into engineering research

Photo – ArcelorMittal is calling for the scope of the CBAM and trade measures to be extended to steel derivatives
ArcelorMittal is calling for the scope of the CBAM and trade measures to be extended to steel derivatives

An increase in imports not covered by these schemes could negate the actual benefits of the measures

Photo – ArcelorMittal France: the ghost of nationalisation
ArcelorMittal France: the ghost of nationalisation

The country’s parliament has once again voted in favour of this decision; the company supports continued investment in France

Photo – ArcelorMittal plans to integrate EAFs into electrical steel production chain in Europe
ArcelorMittal plans to integrate EAFs into electrical steel production chain in Europe

The company will ramp up production of these products in the region

Photo – ArcelorMittal resumes production at blast furnace B in Gijón
ArcelorMittal resumes production at blast furnace B in Gijón

After six months of downtime, the unit has passed testing and is being prepared for startup

Photo – ArcelorMittal tripled its net profit in Q1
ArcelorMittal tripled its net profit in Q1

The figure reached $575 million, while revenue and EBITDA also increased q/q

Photo – ArcelorMittal Poland has restarted blast furnace No. 3 in Dąbrowa Górnicza
ArcelorMittal Poland has restarted blast furnace No. 3 in Dąbrowa Górnicza

The unit resumed operations after being idle for several months. 60 million zlotys were allocated for the upgrade

Photo – ArcelorMittal produced 13.3 million tons of steel in Q1
ArcelorMittal produced 13.3 million tons of steel in Q1

The company increased production by 3.9% q/q but saw a y/y decline

Photo – ArcelorMittal has revised its long-term decarbonization strategy
ArcelorMittal has revised its long-term decarbonization strategy

The company acknowledges that the transition will be more challenging and expects to reduce its carbon intensity by up to 10% by 2030

Photo – ArcelorMittal Poland has completed preparations for the restart of blast furnace No. 3
ArcelorMittal Poland has completed preparations for the restart of blast furnace No. 3

Investment in the project totaled 60 million zlotys; the company also announced new investments in production and environmental protection

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