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ArcelorMittal is preparing to idle one blast furnace at its coil production site in Fos-sur-Mer, in the south of France, the company confirms. The production curb is the result of the continued reduced consumption of coils in the European market and the impact of high energy costs. The steelmaker is witnessing a significant demand debacle in Europe, while increasing coils imports from third countries at cheaper than domestic prices are eroding market share. I…
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