ArcelorMittal cuts production in Poland due to EU regulations
20:22
A EU policy has led ArcelorMittal to cut steel production in Europe. The Kraków branch of the company will suffer. The background to the case is the uneven playing field in the steel market. European producers have to pay extra for CO2 emissions, while Russian producers do not. As a result, ArcelorMittal has temporarily reduced steel production in Europe by approximately three million metric tons per year. The company plans to temporarily stop the work of the blast furnace and steel plant in Kraków. As announced by president Geert Verbeeck, the closure will take place in September and will last “months or quarters.”
