Aug. 5, 2015

ArcelorMittal: No Plans to Close Indiana Facility
 
Andy Harshaw, president and CEO of ArcelorMittal USA’s Flat Carbon operation, has denied reports of a potential shutdown of the upstream and downstream operations at the company’s Indiana Harbor West facility. The reports were issued in several trade publications.

Harshaw said the reports were the result of a press release from an Indiana Harbor supplier, plus speculation from “third-party industry sources.”

“While it’s true that global economics, coupled with internal cost and productivity challenges, has placed significant pressure on our USA business and forced us to re-evaluate our footprint, no final decisions have been made with regard to an asset optimization plan. What I want to assure you is that we have no intention of reducing our blast furnace capacity in the United States,” Harshaw wrote in an item on ArcelorMittal USA’s website.

“There is no doubt that in order to optimize our assets, we must find ways to achieve higher levels of capacity utilization with no loss of total production or market share. In hindsight, we wish our position would have been made clearer in the media coverage. However, due to contract negotiations and the fact that we are in a quiet period in advance of second-quarter earnings results, we are limited with what we can say in the press,” he wrote.


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Tuesday, October 17, 2017