Aditya Mittal, CEO of ArcelorMittal Europe and Group CFO, told reporters annually that good conditions and improved demand remain for the steel industry. The threat of cheaper steel imports from China has eased, but European climate policies and changes in the ETS emissions trading system are of concern.
However, uncertainty about the future of the ETS system did not prevent the company from trying to take over the Italian steel mill Ilva, which requires an investment of € 1 billion just to reduce its environmental impact. Another 1.3 billion euros will be invested in improving the efficiency and quality of the products manufactured by the plant.
ArcelorMittal on the state of metallurgy in Europe
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Azovpromstal® 1 December 2017 г. 11:52 |
