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ArcelorMittal to shut down blast furnace at Krakow plant in Poland after fire

ArcelorMittal Poland S.A. will shut down the blast furnace at its steel plant in Krakow for two to three days after a fire broke out at the site, Reuters reported Aug. 15.

No one was hurt in the fire, which has been extinguished. During the outage, the company will inspect the facility to check for damage, the report said, citing spokeswoman Sylwia Winiarek, who added that it was still early to estimate the incident's impact on production.

The plant produces about 1.5 million tonnes of steel per annum, according to the newswire.

In May, ArcelorMittal said that it would halt production at the Krakow plant due to high energy costs and rising carbon costs, but reportedly postponed it following protests by workers.

In the second quarter, ArcelorMittal swung to an attributable net loss of US$447 million, or 44 U.S. cents per share, from a year-ago net income of US$1.87 billion, or US$1.83 per share.