ArcelorMittal - Latest news GMK Center

The unit will operate for 1-2 years to test the possibility of full-scale deployment of the technology

The company needs cheap electricity and hydrogen to continue upgrading its German assets

This project is a priority for the company in line with its ambitions to reduce CO2 emissions

The company's revenue for the period amounted to $16.28 billion

Iron ore production for the quarter amounted to 10.2 million tons

All planned projects are planned to be completed by 2026

Thanks to the shutdown of coke and chemicals division, total emissions will fall to the lowest level since the start of its operation

The company took this step amid of reduced inventory levels in the supply chain in the market

The funds will be used to expand the product portfolio and modernize the heat treatment shop

Up to 70% of total funds (€7.0 bln) released by Germany

The company explains this step by increasing maintenance costs for the unit and lower demand for its products

The company told European customers that products made using DRI would be subject to an additional markup