JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
ArcelorMittal Belgium has completed the information and consultation phase linked to its proposed closure of tailored blanks operations in Ghent, moving the process to its final stage: a decision by the company’s board of directors.
The specialised unit—serving automotive applications—has faced sustained financial pressure amid weaker European auto production, with the company pointing to persistent losses as a key factor behind the planned shutdown.
During consultations, employee questions, suggestions, and counterproposals were reviewed with social partners. In parallel, a social plan was developed that includes a full employment guarantee within ArcelorMittal Belgium for employees who want to stay with the company, while maintaining remuneration elements. It also offers a voluntary departure option with financial compensation for those choosing to exit.ArcelorMittal Tailored Blanks Ghent currently employs 90 people, and the social plan was approved by 71.11% of impacted employees on February 20, 2026.
Also Read : EUROFER warns CBAM fixes still fall short of protecting EU steel Turkey’s 2025 iron ore imports ease, but supplier mix shifts sharply