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Recently, ArcelorMittal P460Q steel has resumed operations at its Spanish steel mills, which were previously shut down around mid-2024 due to low price competition from imported products and poor local demand. Previously, ArcelorMittal had reduced production from December 9th to the end of 2024 due to insufficient orders at its Romanian P460Q steel factory. In December of last year, ArcelorMittal suspended wire production at its Verigny (Xirong) factory. At the end of November 2024, the company postponed plans to invest in new direct reduced iron (DRI) factories, including the Xihong P460Q steel factory.