06
Jun
15:37
ArcelorMittal plans both cutbacks and investment in Duisburg
In the wake of cost increases for pig iron, ArcelorMittal’s long products’ mill in Duisburg is failing to work profitably. This is because the increases cannot be handed down to the market, the group says in a statement sent to Kallanish.
For that reason, ArcelorMittal plans to reduce costs by €30 million ($34m) up to the end of 2018, which includes a cutback of the workforce by 200 people. This will mainly affect temporary staff, but …
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Anonymous
Very good overview of the weekly steel market.
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