ArcelorMittal - Latest news GMK Center

The company will acquire the remaining 60% of the shares that were not under its control

The company specializes in processing flat galvanized steel into pre-painted products

Sales to the US fell by 5% y/y. Poland moved up to fourth place, while Italy and the UK showed growth

Production in blast furnaces increased by 10.8% y/y, while electric arc furnaces decreased by 1.8% y/y

The company will temporarily suspend part of its production

The company sent a letter to the government

Hot tests took place in the fall of 2024

Negotiations with the government were unsuccessful, and the business environment deteriorated

The company will produce non-grained electrical steel

The company announced a suspension of operations until the end of March due to high electricity prices

The company is looking for ways to reduce pressure in the EU by maintaining production but optimizing business processes

The amount of investment will be up to $696 million, and the project is undergoing internal approval procedures within the group