Tag: Production cuts
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Steel Giant Arcelor Mittal Announces Steel Output Cuts in Europe for the Second Time in a Row
Driven by the weak demand and rising imports, the world’s largest steelmaker, ArcelorMittal said on Wednesday that it will further reduce steel production in Europe. The steel mammoth said that it will lower primary production at its facilities in Dunkirk, France and Eisenhuettenstadt, Germany and reduce production at its site in Bremen, Germany in the…