ArcelorMittal Pauses Production at Some Plants Amid High Energy Prices -FT
October 14 2021 - 1:35PM
Dow Jones News
--ArcelorMittal has suspended production at peak times at some
of its European plants amid rising energy costs, the Financial
Times reports.
--The steelmaker said it had to pause production at times
aligned with hourly and daily changes in electricity prices at some
of its electric arc furnaces that make long steel products
typically used in the construction sector, the FT reports.
--The company said the stoppages wouldn't have a meaningful
impact on production volumes or ability to meet customer demand,
according to the FT.
Full story: https://on.ft.com/3FGKOB3
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
October 14, 2021 13:20 ET (17:20 GMT)
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