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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. 

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.