Name: ArcelorMittal Europe hits the brakes with raw material force majeure notice
Brand: Wood Mackenzie
SKU: 126980
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Insight 24 March 2020

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On 19 March, ArcelorMittal Europe issued force majeure notices to its raw material suppliers, including US and Australian metallurgical coal suppliers. As the coronavirus spreads across Europe, declines in steel demand, including over 80% of automobile factories temporally shutting down, continue to pressure steel companies. Numerous production reductions and blast furnace idlings were recently announced. ArcelorMittal's coke ovens may be spared production declines, but extended coal supply disruptions will force operators to consider their options soon.</div>
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<p class="font-regular" >ArcelorMittal Europe hits the brakes with raw material force majeure notice</p>
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