ArcelorMittal closes operations in Born

ArcelorMittal Distribution Solutions Benelux has announced the closure of its business activities in Born. This decision comes in response to the challenging market conditions faced by the European steel industry in recent years.

The company cited a combination of factors contributing to this difficult choice, including:

  • Weakening Demand: A decline in demand for steel products within the European Union, driven by factors such as reduced construction activity and decreasing demand from the automotive sector.
  • Rising Costs: Increased production costs in Europe compared to other regions, including higher wages, energy expenses, and the need for decarbonization efforts.
  • Intense Competition: The influx of cheaper steel imports, particularly from China and India, has put significant pressure on European steel producers.

The closure of the Born facility is expected to have a significant impact on the local economy, as it will result in job losses and a reduction in economic activity. ArcelorMittal has indicated that it will provide support to affected employees through a social plan.

While this closure represents a setback for the European steel industry, ArcelorMittal remains committed to its operations in other parts of the Benelux region. The company will continue to focus on providing high-quality steel products and services to its customers.

 Marktupdate – ArcelorMittal Distribution Solutions Benelux