Mr. Franz Fayot, Minister of the Economy, visited the Belval facilities and reviewed the situation at ArcelorMittal in the context of the Covid-19 outbreak.
Luxembourg, May 5, 2020 - ArcelorMittal received this Monday, May 4, on its Belval site, Mr. Franz Fayot, Minister of the Economy, who came to check the situation as close as possible to the reality of business, as part of the Covid-19 outbreak.
The Management of ArcelorMittal, represented by Mr. Michel Wurth, President of ArcelorMittal Luxembourg, Mr. Roland Bastian, Vice-President of ArcelorMittal Luxembourg and director of the Belval plant, and by Mrs. Valérie Massin Vice-President of ArcelorMittal Luxembourg, was able to describe in detail the complexity which industrial activity currently has to face. Confronted with the rapid spread of the coronavirus, the Luxembourg sites of ArcelorMittal have put their production activities on hold for a few days to define and introduce reinforced health measures in order to allow their staff to resume activity in optimal protection conditions for everyone's health.
Président of ArcelorMittal Luxembourg and member of the Board
In the current context, which still contains many unknowns, the precious support of the public authorities and the coordination of the various economic actors are essential levers to promote a gradual and effective resumption of activities, particularly in the industrial sector. As such, the exchange of views with the Minister concluded that there is a need to support the steel industry in Europe by reviving economic activity, strictly supervising imports in a context of increasing overcapacity in the world and by adapting the rules of the emissions trading system in order not to penalize steel European producers.
CEO ArcelorMittal Beval