9,347.17 TL BIST 100 BIST 100
31.01 $ USD USD
€33.67 EUR EUR
43.42 TL Interest Interest
83.25 $ Fossil Oil Fossil Oil
22.62 $ Silver Silver
3.88 $ Copper Copper
121.11 $ Iron Ore Iron Ore
394.00 $ Ship Dismantling Ship Dismantling
2,023.50 TL Gold (gr) Gold (gr)

ArcelorMittal Hamburg plans shutdowns in the fourth quarter

ArcelorMittal Hamburg will implement short-time working for its staff in the fourth quarter and will stop production for two periods totalling five weeks.

ArcelorMittal Hamburg plans shutdowns in the fourth quarter

The company cites weak domestic demand, particularly in the construction sector, and persistently high electricity costs as reasons for this decision. The direct-reduced iron plant in Hamburg is facing particularly great challenges as one of the most energy-intensive steel industry locations in Germany, the company said.

After carefully considering all available options, the management announced that it had decided to reduce production.

The first production shutdown is scheduled from 27 October to 12 November and the second from 14 to 31 December. During this time, the entire plant will be closed and only a minimal team will work on site. The company has therefore asked its customers to plan in advance the shipment of October orders.


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

Sackers Metal Processing Ltd is ready to cooperate with Uzbekistan

Friday, February 23, 2024

Gerdau says it may accelerate downsizing in Brazil

Friday, February 23, 2024

Mechel JSC announced the results of 2023

Friday, February 23, 2024

Japan's January stcrude steel production surged

Friday, February 23, 2024

Tata Steel withdraws merger plan with TRF

Friday, February 23, 2024
Follow List
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