ArcelorMittal

How ArcelorMittal is losing its leading position in the global steel market

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

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ArcelorMittal South Africa plans to curtail production of long products

The decision is due to weak demand and infrastructure problems

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ArcelorMittal signed a contract to build a new EAF in Spain

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

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ArcelorMittal plans to stop production of pipes at the plant in Krakow

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

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ArcelorMittal Temirtau will be bought by a Kazakh investor by December

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

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ArcelorMittal is trying to influence the situation on the steel market in the EU

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

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ArcelorMittal Poland puts the coke battery in Krakow into conservation mode

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

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ArcelorMittal Brasil is temporarily suspending the operation of three plants

Downtime at enterprises will last until December 2023

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ArcelorMittal suspends part of the capacities in Poland and Bosnia

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

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ArcelorMittal has announced the first commercial production of ethanol at a plant in Belgium

This is a step towards full commissioning of the Steelanol plant

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ArcelorMittal Poland will invest PLN 1.5 billion in 2023

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

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ArcelorMittal Europe in January-September reduced steel output by 11% y/y

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

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