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January 25, 2013
07:13 EDTMTArcelorMittal Liege announces intention to permanently close coke plant
AcelorMittal Liege yesterday informed the local works council of its intention to permanently close a number of additional assets due to a further weakening of the European economy and the resultant low demand for its products. in order to respond to these structural market changes and further adapt to the reality of demand in Europe, the following six flexible lines need to be closed:- The hot strip mill in Chertal - One of the two cold rolling flows in Tilleur - Galvanisation lines 4 and 5 in Flémalle - Electrogalvanizing lines HP3 and 4 in Marchin. Additionally, the company is proposing that the coke plant, which is no longer viable due to the excess supply of coke in Europe, also be permanently closed. The company plans to continue to operate the five core lines which employ approximately 800 people. These five lines are strategic due to their dedicated high quality products, specialized processes and technological innovation.
News For MT From The Last 14 Days
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February 4, 2016
19:36 EDTMTArcelorMittal plans EUR3B capital increase, Bloomberg says
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17:47 EDTMTArcelorMittal said to prepare capital raise of about EUR3B, Bloomberg says
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January 31, 2016
15:57 EDTMTArcelorMittal exploring sale of certain U.S. long steel mills, Platts says
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