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MT ArcelorMittal

23.59
-0.46 (-1.91%)
30 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
ArcelorMittal EU:MT Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.46 -1.91% 23.59 23.54 23.79 23.96 23.54 23.95 2,340,129 16:40:00

ArcelorMittal Pauses Production at Some Plants Amid High Energy Prices -FT

14/10/2021 6:35pm

Dow Jones News


ArcelorMittal (EU:MT)
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--ArcelorMittal has suspended production at peak times at some of its European plants amid rising energy costs, the Financial Times reports.

--The steelmaker said it had to pause production at times aligned with hourly and daily changes in electricity prices at some of its electric arc furnaces that make long steel products typically used in the construction sector, the FT reports.

--The company said the stoppages wouldn't have a meaningful impact on production volumes or ability to meet customer demand, according to the FT.

 

Full story: https://on.ft.com/3FGKOB3

 

Write to Ed Frankl at edward.frankl@dowjones.com

 

(END) Dow Jones Newswires

October 14, 2021 13:20 ET (17:20 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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