MMi Daily Iron Ore Report (Sep 9)

ArcelorMittal temporarily suspended long product and wire rod output at its Gijón facility in Spain through October 3, citing weak regional market demand. The steelmaker clarified that its blast furnace remained undamaged and customer shipments were fully maintained. Concurrently, ArcelorMittal reconfirmed that construction of its new 1.1 million mt/year Electric Arc Furnace (EAF) at Gijón remains on track for commissioning in 2026. The 1.1Mt/y EAF will feed two downstream wire rod mills, advancing the group's European decarbonization strategy. [SMM Iron Ore]

ArcelorMittal halted parts of its production at the Eisenhüttenstadt strip mill in Germany following operational irregularities detected in the facility's blast furnace. The company reported on September 29, 2026, that technicians are working to stabilize operations and expect to resume regular output shortly. The facility, which possesses a crude steel capacity of 2.5 million tonnes per year, is a critical supplier to the Western European flat steel market. [SMM Iron Ore]

US steelmaker Cleveland-Cliffs announced on September 29, 2026, the indefinite suspension of its cold-rolling and coating operations in Hamilton, Canada, effective October 9. The closure will result in the immediate layoff of up to 500 employees. The company cited severe market imbalances caused by the new 50% US tariffs on Canadian steel and aluminum imports, which forced it to consolidate its 8.13 million short tons of half-year steel output at its primary Nanticoke facility. [SMM Iron Ore]