Bloomberg News

Arcelor May Keep Cutting Steel Production Into 2013, Figaro Says

June 01, 2012

ArcelorMittal (MT) may continue cutting back on steel production and shifting it to still-profitable sites into 2013 as the outlook on demand remains uncertain, Le Figaro said today, citing sector analysts.

Arcelor’s site at Florange, France, will remain idle through the second half of 2012 without closing down entirely, Figaro said, citing a labor leader at the plant.

To contact the reporter on this story: Heather Smith in Paris at hsmith26@bloomberg.net

To contact the editor responsible for this story: David Whitehouse at dwhitehouse1@bloomberg.net


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