Inform
The demise of EU steel? ArcelorMittal abandons the EU’s biggest steel plant
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Report summary
ArcelorMittal has announced its intention to relinquish ownership of the EU’s biggest blast furnace based steelmaking facility, the ex-Ilva works at Taranto in Italy. Around 5% of total EU hot metal production is at risk, but we are not convinced that production at Taranto will cease. Read this inform to find out: • Why we think production will continue regardless of the future ownership • How much steel will Taranto produce in the future? • What effect will a potential shutdown have on iron ore and metallurgical coal? Read this inform to find out: why we think production will continue regardless of the future ownership
Table of contents
- Around 5% of total EU hot metal production is at risk
- ...but we are not convinced that production will cease
- ...although total output could decline
-
What is a likely scenario and what does it mean for raw materials?
- The impact on metallurgical coal
- The impact on iron ore
- The impact on steel prices
- The Taranto plant is not the only EU28 operation at risk
- The outlook
Tables and charts
This report includes 1 images and tables including:
- Around 20 million tonnes of EU crude steel output is at risk
What's included
This report contains:
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