London: The world’s biggest steelmaker, ArcelorMittal, told worker representatives in Europe it will maintain production cuts because of weak demand. ArcelorMittal met on Wednesday with its European Works Council to provide an update on the temporary suspension of production at sites in Europe, the Luxembourg-based company said in an e-mailed statement. It is necessary to continue to suspend and optimize production.
The steelmaker told staff it will cut European output by more than half by the end of April, AFP on Wednesday cited CGT union official Jacques Laplanche as saying. London-based ArcelorMittal spokesman Giles Read denied the figure, saying the firm has cut global output by 45%.