ArcelorMittal

The fire started in the morning of March 30, 2023, on the roof of the blast furnace, but it was quickly extinguished

The terms of the forced shutdown of blast furnace A have not yet been determined

$167 million will be allocated to capital modernization

The company must assess the technical and economic consequences of the incident

At the first stage, the plant plans to increase production from the current 2.85 million tons per year to 3 million tons per year

Despite the drop in steel production by 15% y/y, the company managed to increase product sales to $5.93 billion

Steel companies striving for the production of environmentally friendly steel may face the unsustainability of their business models in the future

Legislators seek to restore the conditions for the development of steel industry

The company also plans to resume production at the Hamburg plant in the first half of 2023

The funds were allocated to support the defense forces of Kryvyi Rih and humanitarian aid

Blast furnace №2 at the French plant was shut down in December 2022

The funds will go to support the company's projects on decarbonization of steel production