Transition from Luxembourg to green steel mills Gijon delayed for another month. The company’s initial plan was to submit its Gijón plant decarbonisation project last May to the multinational investment committee for review. Before, Spanish subsidiary ArcelorMittal had to come to an agreement with staff to arrange the approximately 960 exits required by the transition to green steel. Although the meeting in Davos between the company’s president, Lakshmi Mittal, and Spain’s president, Pedro Sánchez, made the company’s Spanish management see the future, it was not achieved in May and will not be held in June. of plans for Asturian plants They say “to invest” However, the official sources of the steel company, who evaluated another month as a loss in this process, although they assured that they would try to recover by speeding up later.
At the company’s framework agreement meetings in Spain, an attempt was made to reach an agreement with the unions. No meeting was scheduled for this week, and earlier in the week, management informed union representatives that they had to postpone the 8th scheduled meeting due to the agenda. Without this meeting, it’s hard to come to an agreement in time for the company’s next investment committee.
Meanwhile, Spanish steel company Acerinox confirmed yesterday that it is in talks with the National Securities Market Commission (CNMV) to propose a merger with stainless steel producer rival Aperam, which is leaving Arcelor, that will result in a European steel giant. for now, as it turns out, “very preliminary talks”. The Mittal family, the main shareholder of steel giant ArcelorMittal, controls about 40% of Aperam’s voting rights and will need to approve the operation, which will concentrate most of the steel industry in Spain.