Steel Industry in Europe: ArcelorMittal's Vision for the Future
ArcelorMittal Poland Celebrates 20 Years of Transformation
Celebrating two decades since Mittal Steel's acquisition, ArcelorMittal Poland, led by CEO Geert Van Poelvoorde, has seen substantial advancements in the steel industry. The transformation is rooted in modernization through sustained investment, allowing ArcelorMittal to become a leading player in Europe.
Modernization and Environmental Achievements
ArcelorMittal boasts Europe’s most modern hot rolling mill located in Kraków, and the heavy section mill in D?browa Górnicza stands out for producing 120-meter-long rail sections. The company has significantly reduced its environmental footprint, achieving a 42 percent drop in CO2 emissions, a 90 percent reduction in dust emissions, and a 40 percent decrease in energy consumption, creating a sustainable model in the industry.
Addressing Challenges in the Steel Sector
During a recent event in Sosnowiec, Van Poelvoorde addressed the pressing challenges faced by Polish steelmakers who are experiencing heightened competition due to high production costs and an influx of subsidized imports. He stressed that without proactive policies, the European steel industry may continue to erode, stating, "The right policies will enable us not only to survive but to thrive, establishing steel as a foundational element of the European industrial landscape.”
Call for Government Support
Van Poelvoorde urged the Polish government to support the steel sector effectively, especially as it prepares for its Presidency of the European Council. A critical time is ahead, with the finalization of the Carbon Border Adjustment Mechanism (CBAM) legislation, which could influence the competitiveness of European steelmakers, vital for making necessary investments for decarbonization.
European Leadership and Its Impact
Emphasizing the importance of strong leadership, Van Poelvoorde expressed confidence in Poland's role within the European Council. He stated the first half of the upcoming year is critical for defining steel and metals action plans and ensuring that the necessary measures are enacted to create an equitable framework for competition within Europe.
Positive Signs from Europe’s Future Leaders
Van Poelvoorde voiced optimism about the recently proposed European Commissioner appointments. He highlighted the new Commissioner for Prosperity and Industrial Policy, Mr. Stephane Séjourné, having a mandate that includes developing a steel and metals action plan. This unprecedented initiative is a sign of hope for the industry, responding to calls for enhanced policy frameworks.
Advocating for an Industrial Deal
He reinforced his commitment to advocating for a robust Industrial Deal for Europe, asserting that swift and decisive measures are essential for protecting the steel sector from existing threats. However, he cautioned that aspirations alone are insufficient without actionable plans translating words into reality.
Europe’s Role in a Changing World
In concluding his speech, Van Poelvoorde talked about the growing trend of global protectionism and its implications for Europe. He emphasized the necessity of defining Europe’s future in the global economic arena, recognizing the intrinsic link between a strong industrial base and economic resilience. He cautioned against the notion of decarbonizing through de-industrialization, underscoring that a solid steel industry is crucial for both Europe’s economic health and global climate goals.
About ArcelorMittal
ArcelorMittal is recognized as one of the foremost integrated steel and mining companies worldwide, operating in 60 countries and major steelmaking in 15 of them. It stands as Europe's largest steel producer while also maintaining a significant presence in the Americas and a growing foothold in Asia through a joint venture in India. The company serves diverse sectors including automotive, construction, and machinery, generating revenues of $68.3 billion in a recent financial year, producing 58.1 million metric tonnes of crude steel and 42.0 million tonnes of iron ore.
Contact Information for ArcelorMittal
For inquiries, please contact Corporate Communications:
Paul Weigh
Tel: +44 20 3214 2419
Email: press@arcelormittal.com
Frequently Asked Questions
What is the significance of the 20th anniversary for ArcelorMittal Poland?
The anniversary highlights 20 years of investment and modernisation, crucial for sustaining the steel industry in Europe.
What are the environmental achievements of ArcelorMittal Poland?
Significant reductions in carbon emissions, dust, and energy consumption have positioned ArcelorMittal as a leader in sustainable steel production.
Why is government support vital for the steel industry?
Government support can facilitate the implementation of essential policies that enable competitive production amidst rising challenges.
What is the role of the European Council for Polish steelmakers?
The Polish Presidency of the European Council is a pivotal opportunity to influence steel policy and support the industry's future.
How does ArcelorMittal plan to advocate for the steel industry?
ArcelorMittal plans to pursue a strong Industrial Deal and promote policies that ensure a vibrant future for the steel sector.
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