ArcelorMittal - Latest news GMK Center

The decision is motivated by rising production costs and the need to restore profitability

At the end of 2023, the company switched the unit to hot preservation mode due to weak demand for steel

Production of coke by the Polish division of ArcelorMittal decreased by 12.8% y/y over the past year

The steel producer and Mitsubishi Heavy Industries are cooperating with D-CRBN

The company focused on developing a business viability plan

The unit will be idle for about a week due to scheduled maintenance work

The company plans to transform the enterprise in Bremen into an integrated electric steel smelting plant in the coming years

The company opened a new line for the production of welded billets for the automotive industry

Thanks to this, the company reduced dust emissions by 90% and carbon dioxide emissions by 42% compared to 2004

All generated electricity will be transferred to the needs of the plant

This step is due to high production costs and the need to restore margins

The state will finance the project in the amount of about €1.3 billion