ArcelorMittal Chief Executive Officer Aditya Mittal said the energy crisis would only have a strong impact on end-user demand for steel, not supply. ArcelorMittal has indicated that the energy crisis will not stop its operations, although it may transfer some of its production from German plants to other plants.
In addition, the German steelmaker, the ThyssenKrupp plant in Duisburg, had self-sufficient natural gas. The company said it was necessary to maintain a minimum level of supply, as a complete shutdown of production could lead to a reduction in production or damage to technology.
As a result, power cuts may not have a significant impact on steel supply in Europe.
Power shortages may not affect steel supply in Europe much
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Azovpromstal® 24 August 2022 г. 12:15 |
