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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