ArcelorMittal to close two Belgian furnaces

ArcelorMittal has told unions that it is permanently closing its two blast furnaces near the eastern Belgian city of Liege. One of those furnaces has not been producing steel since 2008, the other since August. A foundry will also be shut. The world's number one steelmaker partly blamed weakening demand due to the worsening economic situation. ... http://www.euronews.net/