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Steel: ArcelorMittal cuts production at another German plant
ArcelorMittal has reduced working hours at its integrated steel mill in Eisenhüttenstadt, Germany, starting Monday, Aug. 1, due to low demand. ArcelorMittal Eisenhüttenstadt is applying reduced working hours to its flat-rolling lines during August and September to...
US Steel aims for 40 percent domestic metal supply for steelmaking by 2024
By 2024, US Steel intends to internally source 40 percent of iron-based metals for steelmaking, up from the current 10 percent, favoring pig iron over directly reduced iron. "Access to raw metals is what keeps our mini-steel mill competitors awake," said CEO Burritt....
Steel: Acciaierie d’Italia further reduces production
Acciaierie d'Italia, the joint venture between ArcelorMittal and state-owned Invitalia, is considering shutting down a second blast furnace at its Taranto plant starting this week. This comes after the steel mill, formerly known as Ilva, has already put furnace BF No....
Steel: AcelorMittal forecasts stable real demand in Europe by 2022
ArcelorMittal expects real demand for steel in Europe this year to be "at least stable, if not slightly positive," despite the current headwinds. In the automotive sector, "we can be cautiously optimistic that we will see higher volumes in the second half of the year,...