ArcelorMittal may further shut down factories in Europe
Arcelor Mittal (ArcelorMittal) refused to rule out the possibility of further shut down factories in Europe. At the same time, the global steel industry is caught in some observers are concerned that may be up to five years of excess production capacity of. People from the Chinese steel consumption and demand growth significantly recognize the signs of a slowdown in overcapacity.
The world’s largest steelmaker, would not confirm its earlier relevant to maintain the commitment to operate the main factory in Europe, people therefore have speculated the company or preparing to announce the permanent closure of some small and medium-sized factories in Europe.
Arcelor Mittal, chairman, CEO and major shareholder Lakshmi Mittal (Lakshmi Mittal), the British “Financial Times” said, “Europe (steel) demand continues to decline result in potential between supply and demand serious imbalance “, and the overall problems facing the world economy is still” very worrying “.グッチメッセンジャーバッグ 243308C000N2145
Asked ArcelorMittal In addition to the permanent closure of two located in Liege, Belgium factory is still considering further close the factory in Europe, a spokesman for the company only said “has not yet announced further plans .
Iron and steel industry trade association Industriall policy adviser Isabel Barr Theis (Isabelle Barthès) said the further ArcelorMittal substantially shut down the possibility of the factory in Europe was “anxiety”. Industriall headquarters in Brussels.
German BHF Bank analyst Herman Wright (Hermann Reith) pointed out that the entire steel industry of the developed countries there are “structural overcapacity” problem plant capacity about 20% higher than the potential demand. He said: “Short term, I see no improvement may be.”
If ArcelorMittal substantially shut down the factory in Europe, the table 2006 明拉克希米 • Mittal difficult the acquisition of Luxembourg-based Arcelor behind the logic has been partially re-establishment of. ArcelorMittal, the establishment of motivation comes from the Indian billionaire For Arcelor high-tech steel production in Western Europe, jointly with the idea with its own Mittal Steel business. Mittal Steel has a significant business in the United States and Eastern Europe.
Most likely to be shut down factories, including several small-scale factories in France, Germany and Spain – Lakshmi Mittal plant in Romania and Poland (before the acquisition of Arcelor has these factories ), the stop may be.
Europe accounted for about half of the ArcelorMittal steel output, but accounted for only about one sixth of its profits – mainly due to the higher production costs in Europe and weak market demand impact. This weak demand and the European construction, automotive and white goods and other needs of steel industry, the situation is difficult.
British steel consulting firm Meps expects global steel demand this year will be only a slight increase of 3.6 percent, a slowdown in China’s steel demand growth significantly. In the past three months, the majority of the world steel prices fell, the profitability of the steel industry under pressure.
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