Argentine company ArcelorMittal Acindar stops production at Villa Constitution for almost a month

Argentine steel company ArcelorMittal Acindar has again suspended production at its Villa Constitution steel mill in Santa Fe province, according to local media reports. The plant will be completely shut down between December 15th and January 11th. The decision to stop was made against the background of a reduction in key steel-consuming industries and long periods of low utilization.

ArcelorMittal Acindar attributed this decision to both seasonal planning and a drop in domestic steel demand caused by a slowdown in construction and industrial activity, as well as constant pressure from steel imports, especially from China. The plant was operating at about 60 percent capacity, reflecting the general weakness of the Argentine steel market.

In October, the company suspended operations at the Villa Constitution plant for one week in response to the continued deterioration in domestic steel demand, as previously reported. SteelOrbis.