ArcelorMittal (MT) to Restart Bosnia Plant After Two-Month Halt
MTArcelorMittal(MT) Zacks Investment Research·2024-01-12 01:48

ArcelorMittal S.A. (MT) is set to recommence operations at its Bosnia plant in the coming days, according to Reuters. The production had been halted in November due to a decline in steel demand across Europe. The company also cited factors such as reduced steel consumption since 2022, triggered by the war in Ukraine, escalating energy prices, output costs and inflation, as reported by Reuters. The ArcelorMittal Zenica plant will also resume receiving iron ore deliveries from its mines in northern Bosnia. Fo ...