ArcelorMittal - Latest news GMK Center

In 2023, the company produced 3 million tons of slabs

If the procedure is initiated, current liquidity will be guaranteed by a bridge loan of €320 million

The conclusion will remain valid for several years

The company may stop the unit in the spring if low demand and high volume of imports from third countries persist

The funds will be used to finance two electric arc furnaces and a direct recovery plant

The Italian government is considering options to save the former ILva

The first phase of the project will be completed by 2026

The venture was suspended in November 2023 due to a weak market

The company relies on limited import opportunities and a low supply of products on the domestic market

The steel corporation rejected the government's plan to acquire a controlling stake in ADI

During the pandemic, blast furnace and steel production in Krakow was closed, and from 2024 the coke battery at this enterprise will be decommissioned

The company has already produced the first biochar for use in a blast furnace