On May 3rd, ArcelorMittal, the largest steelmaker in the world, decided to restart its electrical steelmaking and laminate sections operations at the Hunedoara steel plant in Romania. Affected by the COVID-19 epidemic and weak market demand, the steel mill’s operation was suspended on April 1st, but the company will now restart with taking all preventive measures at the plant. The …
Read MoreIt was reported that a Hibbing Taconite, a joint-venture of ArcelorMittal, US Steel, and Cleveland-Cliffs, would suspend its operations of iron ore mine and pellet processing plant on May 3rd and expected to resume the operations at least on July 6th. It was said that about 650 workers would be laid off as a result of poor steel demand in …
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SHANGHAI, March 4 (Xinhua) — Steel giant China Baowu Steel Group announced Wednesday that it surpassed the Luxembourg-headquartered ArcelorMittal to become the world’s largest producer of crude steel in 2019. Baowu’s annual production of crude steel reached 95.22 million tonnes last year, compared to the figure of 89.8 million tonnes reported by ArcelorMittal in its 2019 annual report. Formed by …
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