ArcelorMittal - Latest news GMK Center

Legislators seek to restore the conditions for the development of steel industry

The company also plans to resume production at the Hamburg plant in the first half of 2023

The funds were allocated to support the defense forces of Kryvyi Rih and humanitarian aid

Blast furnace №2 at the French plant was shut down in December 2022

The funds will go to support the company's projects on decarbonization of steel production

In January, the company produced 43,200 tons of wire rod, which is a new record

Bureaucracy and disruptions in the delivery of equipment hinder the increase in the capacity of the mining complex in Mexico

Transportation of mineral powder decreased by 30% y/y, and lime – by 55% y/y

The company expects the recovery of global demand for steel in the current year by 2-3% y/y

Sales of steel decreased by 9% year-on-year

About 10% of the company's blast furnaces in the EU remain idle, compared to 20% in the fourth quarter of 2022

The company's revenue for the year increased by 4.3% y/y