ArcelorMittal to Idle Blast Furnaces in Indiana, Canada
23 Marzo 2020 - 11:22AM
Noticias Dow Jones
By Bob Tita
Steelmaker ArcelorMittal S.A. plans to idle blast furnaces in
Indiana and Canada as coronavirus pandemic weakens demand for steel
in North America.
The Luxembourg-based company, which is the world's largest
steelmaker by production, said on Monday that it will turn down a
furnace at its Indiana Harbor Works, in East Chicago, Ind., and
another at its Dofasco mill in Hamilton, Ont.
The shutdown will leave just one furnace operating at the
sprawling Indiana Harbor Works. The company idled another furnace
at that mill in November. ArcelorMittal said it is working with the
United Steelworkers Union to transfer dislocated workers to other
available jobs. ArcelorMittal has said there will be no jobs
affected by the Dofasco shutdown.
Automakers late last week closed their assembly plants in North
America for at least a week because of the virus. ArecelorMittal
said it hasn't ruled out additional shutdowns at its mills as it
aligns production with reduced demand for steel. The company said
last week that it is reducing production at several of its European
mills because of the pandemic.
Write to Robert Tita at Robert.Tita@WSJ.com
(END) Dow Jones Newswires
March 23, 2020 13:07 ET (17:07 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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