ArcelorMittal plans to modernize its capacities
Edited by Rhod Mackenzie / 2016-06-07 10:33:02
From Q4 2015 the fall of the global demand for steel, steel output and supply went on falling, that pressurized the market on the background of steel surplus. Thus steel prices will recover in the short-term perspective.
The continuation of the worsening of the situation with the demand and offer in the steel market forces the largest steel producer in the world ArcelorMittal to take measures on reacting to the market challenge. The company will shut down its loss making production capacities so as to cut the expenditure and save money.
Moreover, the company plans to modernize its production capacities so as to provide its customers with products of higher quality and for further increase of competitiveness of its products.
