ArcelorMittal - Latest news GMK Center

The government intends to allocate €2.5 billion as soon as the approval of the European Commission is received

Investments in the reconstruction of the unit amounted to more than 720 million zlotys

The commissioning of the new facilities was planned for the end of 2024

Supplies decreased by 5.2% y/y

A new electric arc furnace will be built at the company's Belval plant

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

In the first half of 2023, steel production increased by 4.7%

In January-June 2023, the company's revenue decreased by 15.6%

Iron ore production fell by 7.7% y/y for the year

Environmental subsidies will support the decarbonization of steel production processes

Investments will come from the XCarb Innovation Fund

Compared to June 2022, the volume of foreign supplies decreased by 9.9% y/y