ArcelorMittal

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

The company won an appeal against an order to suspend steel production

The new pricing policy will apply to July and August orders

The unit was stopped on March 22, 2023, when a fire broke out during routine maintenance of the blast furnace

The reason was the decision of the labor inspectorate, the restart date has not yet been determined

The funds are intended for the partial decarbonization of steel production in Ghent