France to seek protection from Chinese steel imports after ArcelorMittal job cuts

As the United States commercially shields itself with tariff barriers, Europe becomes the most exposed market to an avalanche of Asian steel, particularly of Chinese origin. This has been staged this Friday before the media by the CEO of Acerinox, Bernardo Velázquez, to launch a strong message of protectionism that blinds European steel from "overcapacity and unfair competition." The competitive pressure of Chinese manufacturers, who already rep…

ArcelorMittal to cut ~600 jobs in France, sparks calls for protection from Chinese steel imports

France will seek measures to protect the European steel industry against Chinese imports, responding to an announcement by ArcelorMittal that it will cut ~600 jobs across seven French sites.

France to seek protection from Chinese steel imports after ArcelorMittal job cuts

France and other European countries will push for measures to protect the European steel industry against Chinese imports, French government spokesperson Sophie Primas said on Thursday.

The steel group ArcelorMittal has announced a social plan in France. A total of around 600 jobs will be lost, including behind the Saarland border.

In France, ArcelorMittal announces a vast plan to abolish jobs with more than 600 jobs threatened at seven industrial sites in the north of France. The world number two of the steel industry justifies its decision by the steel crisis in Europe. For employees, this is a shock.

ArcelorMittal confirmed on 23 April the forthcoming abolition of "approximately 600 posts" in seven sites, including that of Florange. The steelmaker justifies his decision in particular by the "lack of competitiveness of steel in Europe".