ArcelorMittal prepares to further reduce primary production in Europe as market weakness continues
29 Mayo 2019 - 01:45AM
ArcelorMittal prepares to further reduce primary production in
Europe as market weakness continues
29 May 2019, 08:45 CET
Further to the announcement made on 6 May, ArcelorMittal today
announces its decision to take additional steps to adjust its
European production levels to further align its production to the
current market demand. The company continues to be impacted by weak
market demand and high import levels in Europe.
As a result, ArcelorMittal will:
- Reduce primary steelmaking production at its facilities in
Dunkirk, France and Eisenhüttenstadt, Germany;
- Reduce primary steelmaking production at its facility in
Bremen, Germany in the fourth quarter of this year, where a planned
blast furnace stoppage for repair works will be extended;
- Extend the stoppage planned in the fourth quarter of this year
to repair a blast furnace at its plant in Asturias, Spain.
Commenting, Geert van Poelvoorde, CEO, ArcelorMittal
Europe – Flat Products, said:
“This is again a hard decision for us to have taken but given
the level of weakness in the market, we feel it is the prudent
course of action. This will be a temporary measure that will be
reversed when market conditions improve. In the meantime, our
employees remain our utmost priority and we are doing everything we
can to ensure that the right social measures are in place to
support them and their families during this difficult time.”
On 6 May, ArcelorMittal announced its intention to temporarily
idle production at its steelmaking facilities in Kraków, Poland and
reduce production in Asturias, Spain. The announcement also
impacted the planned increase of shipments at ArcelorMittal Italia
to a six million tonne annual run-rate; the planned increase will
be slowed down following a decision to optimise cost and quality
over volume in the current environment.
About ArcelorMittal
ArcelorMittal is the world's leading steel and
mining company, with a presence in 60 countries and an industrial
footprint in 19 countries. Guided by a philosophy to produce safe,
sustainable steel, we are the leading supplier of quality steel in
the major global steel markets including automotive, construction,
household appliances and packaging, with world-class research and
development and outstanding distribution networks.
Through our core values of sustainability,
quality and leadership, we operate responsibly with respect to the
health, safety and wellbeing of our employees, contractors and the
communities in which we operate.
For us, steel is the fabric of life, as it is at
the heart of the modern world from railways to cars and washing
machines. We are actively researching and producing steel-based
technologies and solutions that make many of the products and
components people use in their everyday lives more energy
efficient.
We are one of the world’s five largest producers
of iron ore and metallurgical coal. With a geographically
diversified portfolio of iron ore and coal assets, we are
strategically positioned to serve our network of steel plants and
the external global market. While our steel operations are
important customers, our supply to the external market is
increasing as we grow.
In 2018, ArcelorMittal had revenues of $76.0
billion and crude steel production of 92.5 million metric tonnes,
while own iron ore production reached 58.5 million metric
tonnes.
ArcelorMittal is listed on the stock exchanges
of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and
on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and
Valencia (MTS). For more information about ArcelorMittal please
visit:
http://corporate.arcelormittal.com/
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Contact information ArcelorMittal Investor
Relations |
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Europe |
+44 20 7543 1156 |
Americas |
+1 312 899 3985 |
Retail |
+44 20 7543 1156 |
SRI |
+44 20 7543 1156 |
Bonds/Credit |
+33 171 921 026 |
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Contact information ArcelorMittal Corporate
Communications |
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E-mail: |
press@arcelormittal.com |
Phone: |
+4420 7629 7988 |
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ArcelorMittal Europe Communications Sophie
Evans |
+44 20 3214 2882 |
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ArcelorMittal Corporate Communications Paul
Weigh |
+44 20 3214 2419 |
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