For the world's largest steel producer, ArcelorMittal, its sites in Germany remain very important. More than seven million tonnes of steel are produced in the group's four German plants in Bremen, Duisburg, Eisenhüttenstadt and Hamburg – this is about 20 per cent of the group’s European crude steel production.

Following investments of €630 million  made over the past five years, the group continues investing in the Federal Republic this year. Around €88 million euros will be spent on modernising and increasing the competitiveness of the group’s production sites in Germany. "Germany is a good location for the production of high value added products. With our investments, we aim to further increase the competitiveness of our sites", says Frank Schulz, CEO of ArcelorMittal Germany Holding.

No thoughts on “ArcelorMittal set to invest €88 million in Germany this year”

Leave your comment

In reply to Some User
Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive