ArcelorMittal reduces production in Mexico by 90%
Edited by Rhod Mackenzie / 2015-11-03 05:40:44
The Mexican division of the metallurgical group ArcelorMittal will reduce the production of slabs by 90%, as well as suspend indefinitely the operation of the Las Truchas mine. The decision, which will affect the fate of 2500 workers, was made in connection with the reduction in steel prices on world markets and the growth of the supply of steel products from China, Brazil and Russia on the market of Mexico, the SteelOrbis reports.
