ArcelorMittal calls for urgent adoption of EU tariff quota and reassures European customers

Core Viewpoint - ArcelorMittal emphasizes the urgent need for the new tariff quota proposed by the European Commission to protect the European steel industry and ensure the long-term security of the manufacturing sector [1] Group 1: Industry Impact - Steel imports into the EU are at record levels, causing significant harm to the EU steel industry [1] - The introduction of the tariff quota is seen as a crucial measure for the survival of the steel industry in Europe [1] Group 2: Company Preparedness - ArcelorMittal is preparing to increase production across its European facilities in anticipation of changes in demand due to the new tariff quota [2] - The company aims to reassure manufacturers and distributors that it will continue to meet their steel needs, thereby maintaining stability in the supply chain [2] Group 3: Leadership Assurance - Geert Van Poelvoorde, CEO of ArcelorMittal Europe, acknowledges concerns from steel users regarding potential supply shortages and price volatility but assures that the company can meet European customer demand with locally produced steel [3] - The company is ready to ramp up production in line with demand to support European jobs and create significant value for the European economy [2][3]