ArcelorMittal To Idle Parts of Three Plants as Energy Costs Bite
- Spanish and German plants to idle blast furnaces at month-end
- Steel demand is weakening in Europe on the energy crunch
An electric arc furnace on site at ArcelorMittal GmbH, Hamburg.
Photographer: Jonas Walzberg/picture alliance/Getty Images
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ArcelorMittal SA is idling parts of three steel plants as high energy costs and weaker demand make production uneconomic.