ArcelorMittal - Latest news GMK Center

The team was introduced to a new investor who took on production and social obligations

The new investor will be Allur Group, headed by Andrii Lavrentiev

In 2022, the company took second place in the ranking of global steel producers. In 2023, Chinese companies are likely to displace ArcelorMittal into third place

The decision is due to weak demand and infrastructure problems

Construction work at the Gijón plant will begin in early 2024, led by the engineering company Sarralle

The company will stop production of pipe products in the first quarter of 2024

The investor and the value of the contract will be named after all documents are signed

During January-November, the company limited production in Belgium, Germany, Poland, France and Bosnia

This decision is due to two factors: low demand for coke and high coking coal prices

Downtime at enterprises will last until December 2023

The company suspended the blast furnace at the plant in Zenica (Bosnia and Herzegovina) and the wire rod production plant in Sosnowiec (Poland)

This is a step towards full commissioning of the Steelanol plant