Competing with cheaper producers from outside the European Union, the European steel industry is focusing on innovation and new technologies. More advanced products allow for higher safety margins. Industry improves production efficiency.
Aditya Mittal, CEO of ArcelorMittal Europe and Group CFO, said last year the company spent € 300 million on new products, new technologies and process optimization. The owner renews 20 percent every year. his product offer. This is the direction of change for the entire European steel industry.
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