On September 8, ArcelorMittal Poland announced it would take Blast Furnace No. 3 at the Dąbrowa Górnicza steel manufacturing plant off stream starting in late September. According to the company, the temporary measure is a response to current market conditions throughout Europe.

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“Reducing production is the result of several factors,” the company said, elaborating on its decision. “[These include] the slow-down of economic activity in Europe, destocking done by customers, increasing level of imports from outside EU, and increasing gas and electricity prices.”

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“Additionally, the cost of carbon, which is not applicable for steel producers importing steel into Europe, has reached record high levels this year, placing European steelmakers at a further competitive disadvantage,” the company added.

Steel Manufacturing: ArcelorMittal Poland Plans Extended Shut-Down