Coronavirus effect: Arcelormittal to cut steel production in Europe

ArcelorMittal, the largest steel company in the world, has said it is taking steps to cut down steel production in its European operations in line with demand, due to the global outbreak of the Coronavirus, the risks associated with it and its impact on the health and safety of the company’s employees.

“Given the extent of the outbreak, the health and safety implications, and particularly the impact it is having on several European countries in which ArcelorMittal operates, the Company is taking steps to reduce production from its European operations to ensure the wellbeing of our employees is maintained and that production is aligned with demand,” ArcelorMittal said in an official statement on Thursday.

ArcelorMittal said it “takes the risks associated with the coronavirus outbreak very seriously and the safety and wellbeing of our employees is of paramount importance.”

At all global operations we are following government and World Health Organisation advice and guidelines in order to protect employees and prevent the spread of infection, the statement added.

The company further said it will continue to monitor the evolution of the coronavirus in each of its operating markets and take decisions accordingly “to ensure the wellbeing of our employees and our ability to meet customer demand.”

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