Steel: ArcelorMittal France will temporarily shut down the 2-million-ton furnace

European steel producer ArcelorMittal will temporarily close one of its two 2-million-ton-per-year blast furnaces in Fos-sur-Mer, France. The company said that in a sharply deteriorating macroeconomic environment, combined with the severe impact of soaring energy prices and rising steel imports in Europe, the Fos-sur-Mer site is facing a slowdown in steel demand. The company has […]