💨 Abstract

ArcelorMittal, the world's second-largest steelmaker, is considering moving some business support activities from Europe to India due to pressure from high costs and imports. No steel manufacturing will be moved. Europe's steel industry is struggling against oversupply from China and faces 25% tariffs on steel and aluminum imports under U.S. President Trump's new policy.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖