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31 Aug

AMKR finds Europe transshipment unprofitable, may close plant

ArcelorMittal Kryvyi Rih (AMKR)’s steel mill will have to be completely shut down if the blockade of Ukraine's Black Sea ports is not lifted or global steel prices do not start to rise, the company's chief executive, Mauro Longobardo, told the Financial Times. AMKR’s steel exports by land through European countries are unprofitable, he explained. “AMKR operates now only one blast furnace out of four, producing several thousand tonnes of …
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