ArcelorMittal Poland (AMP) will close its Krakow blast furnace later this year, according to a report by London-based Kallanish Commodities, reported by recyclingtoday.com.
The Luxembourg based steelmaker is preparing to permanently idle its blast furnace production in the city according to news.
Reports in the subject suggest that the move can be related to carbon emissions and EU policies. The steelmaker made a net-zero carbon emissions pledge in September 2020, while it complained about increasing carbon emission costs in the EU.
As reported by Kallanish ArcelorMittal said that “insufficient European Union market protection from imports, high energy costs and the burden on EU mills of carbon emissions costs as being behind the move.”