Steel Mills
July 14, 2015
Asset Rationalization Possible for ArcelorMIttal
Written by Sandy Williams
ArcelorMittal responded Monday to rumors of a potential closure of Indiana Harbor West in East Chicago. Key Banc reported that sources indicated “ArcelorMittal USA is taking steps to reduce its sheet hot end and finishing capabilities via the closure of Indiana Harbor West.”
A spokesperson at ArcelorMittal USA, in an email to Steel Market Update, said, “No final decisions have been made about potential asset rationalization within ArcelorMittal USA. However, we are unable to comment further as we are in a quiet period in advance of our earnings announcement later this month.”
