12,254.83 TRY BIST 100 BIST 100
50.16 EUR EUR EUR
43.14 USD USD USD
6.22 CNY CNY CNY
0.12 CNY CNY/EUR CNY/EUR
36.98 TRY Interest Interest
64.07 USD Fossil Oil Fossil Oil
5.99 USD Copper Copper
118.40 USD Silver Silver
108.57 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,372.77 TRY Gold (gr) Gold (gr)
109.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

ArcelorMittal is considering the closure of its Tailored Blanks unit in Ghent

ArcelorMittal has confirmed that it is considering closing the specialized Tailored Blanks production unit at its steel facility in Ghent.

ArcelorMittal is considering the closure of its Tailored Blanks unit in Ghent

ArcelorMittal stated on Thursday that it is assessing the potential closure of the specialized production unit known as Tailored Blanks at its steel plant in Ghent, following an extraordinary meeting with employee representatives. According to trade unions, around 90 jobs at the unit are at risk.

Tailored Blanks produces semi-finished components for the automotive industry by welding steel sheets of different grades and thicknesses and plays a key role in the production of vehicle bodies and structural components. However, ArcelorMittal noted that the Ghent site has been facing significant challenges in recent years due to a sharp decline in production volumes, shrinking profit margins, and ongoing financial losses.

The company confirmed that a formal consultation process with trade unions has been initiated regarding the unit’s future. The talks are being conducted under Belgium’s Renault law, which sets out the procedures to be followed in the event of potential closures. ArcelorMittal stressed that no final decision has yet been taken.

CEO Sibel Onen said employees are entering a difficult period and pledged to maintain “open and transparent communication” throughout the process.

The potential closure comes at a time of weakening demand in the European automotive sector, rising cost pressures, and intensifying global competition. The Ghent site is also awaiting major green investment decisions aimed at reducing carbon emissions.

ArcelorMittal employs around 4,500 people at its Ghent plant and approximately 5,900 across Belgium. As discussions continue, the outcome could have significant implications for both employment and the region’s industrial footprint.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Kocaer Çelik achieved record high production and sales in 2025

Tuesday, January 13, 2026

The grand meeting of the Syrian construction sector: Buildex 2026 schedule announced

Tuesday, January 13, 2026

India’s European exports highlight Spain, Germany, Belgium and Poland

Tuesday, January 13, 2026

Vale prepares to take final investment decision on low-carbon steel project in Duqm, Oman

Monday, January 12, 2026

Krakatau Steel signs steel pipe supply contract for Dusem project

Monday, January 12, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now