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Weak demand prompts ArcelorMittal (MT -2.2%) to permanently close six production lines at a...

  • Thursday, January 24, 3:40 PM ET
    Weak demand prompts ArcelorMittal (MT -2.2%) to permanently close six production lines at a factory in Liège, Belgium, that make finished steel products for the auto industry, and a coke plant, where fuel for blast furnaces is produced. European steel demand is 29% below pre-financial crisis levels with no improvement seen over the medium term, MT says.
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This news story has 5 comments:

  •  
    Seems an insight into the direction of the European economy, over the medium term.
    24 Jan, 03:45 PM Reply Like
  •  
    How can this be true when all I've heard/read from the IMF, ECB, TV talking heads, etc, is that the EU economy is getting better and the worst is in the past?
    24 Jan, 03:48 PM Reply Like
  •  
    There is a game plan to try to tell the story that all is well.......I don´t know why...to keep people calm I guess...but I think there are more problems ahead..
    24 Jan, 03:53 PM Reply Like
  •  
    I'll tell you way, to keep interest rates down.
    24 Jan, 05:37 PM Reply Like
  •  
    It's getting better but MT is behind the curve. They really only started cutting cost this past summer.
    25 Jan, 05:08 AM Reply Like
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