ArcelorMittal - Latest news GMK Center

The largest amount went to the modernization of the blast furnace in Dombrov-Gurnych

During this period, steel shipments decreased by 7.8% y/y

The company estimated its assets in the country at $1.8 billion

In January-September 2023, the company's revenue decreased by 14.7%

Iron ore production fell by 7.5% y/y in 9 months

It is about a price of €680/t for the January order, the market reports

The litigation concerns the companies' 2019 agreement

After this, the state does not intend to attract foreign investors

After the fatal accident on October 28, the authorities suspended investment cooperation with AMT

Vedanta is reviewing its strategic priorities as part of its capital allocation discussions

The unit is currently suspended for maintenance, and it is planned to resume operation only after the market sentiment improves

Planned shutdowns of the plant will last from October 27 to November 12 and from December 14 to December 31