The decision comes as a result of the significant deterioration of the market – higher and higher electricity costs, insufficient governmental support and pressure of cheap imports that have eroded competitiveness of the plant in Romai and in the EU, the company said in its report to the Bucharest Stock Exchange.
The order volume is down almost 60% compared with 2024, which makes it difficult to keep running.
ArcelorMittal announced that the furlough, already implemented in recent months, will continue after September 30, also indefinitely.
(English version by Loredana Fratila-Cristescu)