ArcelorMittal - Latest news GMK Center

The implementation of the project is planned for 2024. The capacity of the installation will be 2 MW

The main shortage of hot-rolled steel in the EU is expected in the summer 2023

The company is assessing the consequences of fires that occurred at blast furnaces in Spain and France

Recently, there was a fire at one of the three blast furnaces of the plant. The company is evaluating the consequences and cause of the incident

The modernization is planned to be completed within three years

The fire started in the morning of March 30, 2023, on the roof of the blast furnace, but it was quickly extinguished

The terms of the forced shutdown of blast furnace A have not yet been determined

$167 million will be allocated to capital modernization

The company must assess the technical and economic consequences of the incident

At the first stage, the plant plans to increase production from the current 2.85 million tons per year to 3 million tons per year

Despite the drop in steel production by 15% y/y, the company managed to increase product sales to $5.93 billion

Steel companies striving for the production of environmentally friendly steel may face the unsustainability of their business models in the future