ArcelorMittal

In Bosnia, whose cities have long been listed among the most polluted in Europe, the statistics are public knowledge. It's estimated that in this country whose main source of energy are its own fossil fuels, mainly lignite, poor air quality causes the death of 3,300 people annually according to the World Bank.

ArcelorMittal, the world's number-two steel maker, has said it will shut down two of its blast furnaces in Europe over high energy prices and lower demand.    

Its furnaces in Bremen in northern Germany and near Gijon in northern Spain will cease to operate until further notice at the end of the month, it announced.    

Nearly four decades after disbanding and vowing never to get back together, Swedish superstars ABBA on Sept. 2 announced a musical comeback with a new album and a London show featuring its performances captured by digital avatars.

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ArcelorMittal, the world's largest steelmaker, has agreed to sell a 50 percent stake in its shipping business, the first step in its plan to offload $2 billion of assets by the middle of 2021 to reduce its debt.

German heavy industry giant ThyssenKrupp and Indian group Tata agreed Wednesday to merge their steel operations in Europe, taking second place in the continent's market behind ArcelorMittal.

The European Commission has hiked 'anti-dumping' duties on imports of hot-rolled flat steel products from China already in place. The decision has angered Beijing, which has promised to respond.

The duties on the Chinese steel products have been increased to 22.6 percent from 13.2 percent following a complaint from EU producers ArcelorMittal, Tata Steel and ThyssenKrupp.

ArcelorMittal said on Feb. 5 falling commodity prices pummelled its performance last year, pushing its net loss to almost $8.0 billion (7.1 billion euros) but the world's largest steelmaker said it was making progress on cutting costs.

European and U.S. steel producers are only slowly emerging from a 2008 sector meltdown, but already they are faced with a new challenge, the Chinese dumping.

Chinese steel is overabundant since a sharp slowdown in the Asian giant's economy has sapped domestic demand, and is shipping to world markets at cut-down prices.

ArcelorMittal could shut down its operations across Bosnia and Herzegovina as a result of a tax dispute with the government of Republika Srpska, a senior company employee told BIRN on Monday.

ArcelorMittal, the world's largest producer of steel, will cut 2,800 jobs at its Mexico unit as global prices slump, it said in a joint statement with local competitors on July 1, while accusing Russia, China and Turkey of dumping steel on markets at levels below production costs.