Acindar Argentina to Halt Production

CORDOBA, ARGENTINA--March 1, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Argentine steel company Acindar, which is part of ArcelorMittal (NYSE:MT) (Luxembourg, Luxembourg) and is one of the two largest steel companies in the country, announced that it will temporarily suspend activity at its four plants in Argentina starting at the end of March, due to a decrease in sales caused by recession and high inflation. During this period, Acindar will take the opportunity to adjust production levels, grant vacations and days off, and reduce overtime. Af stoppage in industrial sectors of this magnitude is not common in the industry.