Arcelormittal to shut facilities
ArcelorMittal plans to shut facilities at its site in Liege, Belgium, with the likely loss of around 1,300 jobs, due to a weakening of demand for steel in Europe.
ArcelorMittal, the world's largest steelmaker, has suspended a $1.5 billion Brazilian expansion plan for lack of demand, Benjamin Baptista, president of the company's Brazil unit said in a Valor Economico newspaper report on Monday.