Luxembourg-based steelmaker ArcelorMittal reportedly is preparing to permanently idle its blast furnace production in Krakow, Poland. The move comes on the heels of its sale of blast furnace and basic ...

ArcelorMittal, the world's number-two steel maker, has said it will shut down two of its blast furnaces in Europe over high energy prices and lower demand. Its furnaces in Bremen in northern Germany ...

ArcelorMittal will idle blast furnace No. 3 at its D?browa Górnicza plant due to unviable margins driven by weak steel prices and high operational costs. The move follows a steep decline in steel ...

ArcelorMittal said on Friday it would switch off one of two furnaces at its steelworks in the German city of Bremen until further notice from September-end, citing the soaring cost of gas, weak market ...

The business unit purchased scrap yards and added to its recycled-content steelmaking capacity under the leadership of Geert ...

ArcelorMittal stock recently plunged to a 52-week low of $4.29 a share and remains mired under $5 a share at a time when the steel industry as a whole is struggling. Analysts have called on the ...