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ArcelorMittal - Latest news GMK Center

Photo – ArcelorMittal raises prices for hot-rolled steel in Europe to €630/t
ArcelorMittal raises prices for hot-rolled steel in Europe to €630/t

Steel demand in Europe grows, while imports are restricted by anti-dumping measures

Photo – ArcelorMittal suspends wire rod production in Gijon due to market downturn
ArcelorMittal suspends wire rod production in Gijon due to market downturn

The decision was driven by low demand for steel and high volumes of imports from outside the EU

Photo – ArcelorMittal Hunedoara cuts production due to weak steel demand
ArcelorMittal Hunedoara cuts production due to weak steel demand

Romanian company to suspend operations until the end of the year

Photo – ArcelorMittal to close warehouse in Germany due to falling demand
ArcelorMittal to close warehouse in Germany due to falling demand

The company intends to completely shut down the Olpe warehouse by the middle of next year

Photo – European green investments will be activated with clear policies – Lakshmi Mittal
European green investments will be activated with clear policies – Lakshmi Mittal

The EU should support steelmakers, make sure CBAM is effective, and solve the import problem

Photo – ArcelorMittal postpones investment in DRI plant in Gijon
ArcelorMittal postpones investment in DRI plant in Gijon

The company notes unfavorable conditions and slow development of green hydrogen

Photo – Liberty Steel lost control over assets in Eastern Europe due to ArcelorMittal debt
Liberty Steel lost control over assets in Eastern Europe due to ArcelorMittal debt

Non-payment of €140 million debt may lead to sale of assets

Photo – ArcelorMittal postpones planned green investments in the EU
ArcelorMittal postpones planned green investments in the EU

The company cited regulatory uncertainty in the bloc

Photo – ArcelorMittal Poland plans to build a hydrogen production plant in Krakow
ArcelorMittal Poland plans to build a hydrogen production plant in Krakow

An investment of more than PLN 100 million will provide hydrogen energy for two galvanizing lines

Photo – ArcelorMittal may close two service centers in France
ArcelorMittal may close two service centers in France

The company cites a significant drop in customer activity in the industrial and automotive sectors

Photo – ArcelorMittal and China Oriental set up an electric steel plant in China
ArcelorMittal and China Oriental set up an electric steel plant in China

Companies are joining forces to produce electrical steel in China, investing in modern technology and environmentally friendly materials

Photo – ArcelorMittal stops production of long products in Asturias
ArcelorMittal stops production of long products in Asturias

Lack of orders and high energy costs led to the shutdown of some facilities in northern Spain

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