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...In Belgium, ArcelorMittal's plan to build a DRI plant as well as two new electric arc furnaces is being supported by funding from the federal and state governments....
...ArcelorMittal on Thursday said it expected steel demand to recover in 2023 after reporting a near 75 per cent drop in earnings before interest, taxes, depreciation and amortisation to $1.26bn in the final...
...Sanjeev Gupta faces losing control of his steel plants in Belgium after the approval of a judicial restructuring of his operations in the country, paving the way for their eventual sale....
...Sweden’s SSAB is at the forefront of such efforts, producing fossil-free steel using hydrogen gas last year....
...GFG bought two sites in Belgium, at Flemalle and Tilleur — employing about 650 people — near Liege from ArcelorMittal in 2018....
...ArcelorMittal, Europe’s largest steelmaker, has announced $5.6bn of investments at plants in Spain, Canada, Belgium and France over the past year in projects aimed at decarbonising steel production....
...Among them are Swiss-Swedish engineering group ABB, cement makers Cemex and UltraTech, oil and gas group Shell, and steelmaker ArcelorMittal....
...“We are risking a massive deindustrialisation of the European continent,” says Alexander De Croo, Belgium’s prime minister....
...The company, which has curtailed production across three sites in France, Belgium and the Netherlands because of surging energy costs, said it expected the higher prices to continue....
...To ease concerns, Mr Gupta is merging his steel businesses into a single entity, Liberty Steel, which will have annual sales of $15bn and publish consolidated accounts....
...ArcelorMittal is asking for cash payment upfront for deliveries to the group’s downstream processing mills in Liège, Belgium, and Dudelange, Luxembourg, according to people familiar with the situation....
...At its Ghent plant in Belgium, ArcelorMittal is building a facility that will turn toxic waste wood into “bio-coal”, with a lower CO2 footprint, to replace a portion of the regular variety in blast furnaces...
...The next year, he acquired several European steel plants from rival steel manufacturer ArcelorMittal and made a big push into the US....
...Read more Although China is the world's leading steel producer, no single Chinese steelmaker had made it to the top spot until now, as China Baowu dethrones Luxembourg-based ArcelorMittal. Read more...
...The facilities are being sold by ArcelorMittal in exchange for Brussels’ blessing for its own €1.8bn acquisition of the Italian steel business Ilva....
...The facilities are being sold by ArcelorMittal, the world’s largest producer of the grey metal, in exchange for Brussels’ blessing for its own €1.8bn acquisition of the Italian steel business Ilva....
...Liberty has agreed to buy two steel mills in Belgium and one in Luxembourg from ArcelorMittal. That follows on from Mr Gupta’s deal last month to buy four mills from the company on the continent....
...As part of the divestment package agreed with Brussels, ArcelorMittal is also selling a plant in Luxembourg and finishing lines in Belgium....
...For a century, Belval was a massive steelworks site operated by Arbed, now part of ArcelorMittal, with six blast furnaces and employing thousands of people at its peak in the 1960s and 1970s....
...Zinc is used to rustproof steel. It’s debt problems date back to an ill-timed expansion into mining....
...The Luxembourg-headquartered ArcelorMittal has agreed to sell plants in Dudelange, Luxembourg; Galati, Romania; Liège, Belgium; Ostrava, Czech Republic; Piombino, Italy and in Skopje, in the Former Yugoslav...
...Zinc, used to rustproof steel, has dropped 23 per cent to below $2,500 a tonne since June, hit hard by the US-China trade spat and concerns about slowing global growth....
...The company’s residual assets in Switzerland, Poland, Slovakia, Belgium and most notably the UK — where it owns Virgin Media — are now in focus....
...Extending this system to other sectors such as steel will be key to transforming emission trading systems into functioning climate tools and we would be more than happy to work with ArcelorMittal to make...
...British Steel, the new company created from Tata Steel’s long products division, has appointed ex-Nyrstar and ArcelorMittal chief executive Roland Junck as its executive chairman....
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