WARSAW: ArcelorMittal Poland said on Monday it planned to halt its blast furnace and steel plant in Krakow in September, due to rising carbon emission costs and surging power prices. ArcelorMittal did not say how long the shutdown would last at the Krakow furnace, which is in southern Poland. ArcelorMittal Poland is the country's biggest steel producer and owns five steel plants and a coke plant, the biggest of its kind in Europe. "In addition, energy costs in Poland are among the highest in the EU." Poland generates most of its electricity from burning highly-polluting coal and rising carbon emission prices in the European Union resulted in surging power prices in Poland last year.

Source: Mint May 06, 2019 15:11 UTC