ArcelorMittal vows steel production slowdown in the EU

摘要

ArcelorMittal chose to send a message to EuropeanUnion regulators when it announced a 3 mtreduction in its annual steel making run rateon Monday.The message – in a nutshell - was the EU needs toget tougher on foreign steel imports, or deal with theconsequences, though analysts say the move is alsolikely part of a long-running strategy to reduce oldersteel-making capacity.“The difficult decision to temporarily reduce ourEuropean primary flat steel production has notbeen taken lightly,” Geert van Poelvoorde, CEOof ArcelorMittal Europe – Flat Products said ina release.