ArcelorMittal today said it is reducing production and temporary idling steelmaking and finishing assets due to the coronavirus pandemic.
The steel manufacturing giant, who has a partnership with Air Liquide, issued a statement on the impact of coronavirus (Covid-19) this morning, which said the company is either seeing, or expects to see, a significant decline in industrial activity in many, if not all, of the geographic markets in which ArcelorMittal operates, which is impacting its business.
In responses to this, ArcelorMittal is reducing production and temporary idling steelmaking and finishing assets, adapted on a country by country basis in alignment with regional demand as well as government requirements.
ArcelorMittal said this will not necessarily happen uniformly at assets across the globe given the escalation of the virus is at different points in different regions.
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