ArcelorMittal Hamburg will implement short-time work for its staff in the fourth quarter, and stop production for two periods totalling five weeks.
In a letter sent to customers seen by Kallanish, the company cites weak domestic demand, especially in the construction industry, and persistently high electricity costs. The direct reduced iron plant in Hamburg faces particularly great challenges as one of the most energy-intensive steel industry locations in Germany, the firm notes.
After careful consideration and evaluation of all available options, the management says it decided on reducing production.
The first production stoppage is from 27 October to 12 November, with the second planned from 14 to 31 December. During this time, the entire plant will be closed and only operate with a minimal crew on site. The company has therefore asked customers to plan shipping of October orders ahead of time.
Christian Koehl Germany
