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Under pressure from high electricity costs, global steel giant ArcelorMittal announced the suspension of production at its Hunedoara steel plant in Romania from February 14th to March 30th.A255 Grade D steel, It is reported that the tight energy supply has pushed up electricity prices in Europe, and the current spot electricity price in Romania has been at a relatively high level in the European region for the past 18 months, at 184 euros/megawatt hour. A255 Grade D steel,ArcelorMittal's Romanian steel mills have always faced economic challenges brought by electricity costs. Previously, due to insufficient order volume, ArcelorMittal's Romanian factory implemented production cuts for Romanian steel mills from December 9th to the end of 2024. A255 Grade D steel,At present, the steel plant is actively seeking support from the Romanian government to address issues related to the operation of the plant and its employees.