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date:12/10/2020
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Mining Journal Select 365: Mining. Investment. Online.
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THE global economic slowdown and resultant slump in steel demand has hit ArcelorMittal, with the world’s largest steelmaker announcing plans to slash steel production across its operations this quarter.
ArcelorMittal said it would cut steel output from operations in Europe, North America and emerging markets by 30-35% during the fourth quarter, compared to a 15% cut flagged by the company in October.
Company says Chinese demand recovering, rest of the world uncertain
