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Ascometal will stop production due to skyrocketing energy
Ascometal, part of Swiss Steel Group, will carry out a production stoppage in November and December at its two sites in France, in Fos-sur-Mer and Hagondange. last week, the company told the unions that production will stop for three weeks at each site. The director...
US Steel Kosice shuts down blast furnace No. 2 for 60 days as EU mills reduce production
Slovakia's US Steel Kosice halted blast furnace No. 2 Sept. 4 for a period of 60 days while Nos. 1 and 3 remain operational. The company described the move as a planned outage and said it will continue to adjust maintenance schedules based on demand. Manufacturers...
Gas and energy market crisis: Europe’s metal and mining industries call for urgent action
Associations representing European ferrous and nonferrous metal producers and miners, among other European groups, are calling for urgent and effective action at the European level on gas and electricity prices, according to a joint letter sent to European Commission...
ArcelorMittal’s operations in China unaffected by closures in Europe
Last week's announcement by ArcelorMittal that it will shut down upstream production capacity in Europe to cope with soaring costs is unlikely to affect the Luxembourg-based company's operations in China, particularly its automotive sheet metal joint venture in...