Bucharest - ArcelorMittal, the world's largest steelmaker, will idle one of its four Romanian plants because of falling global demand, news agency reported Tuesday.
The plant at Hunedoara will halt production in a few days for about two months, its first idling since the depression of the 1930s, factory director Remus Patan told the Mediafax agency.
Luxembourg-based ArcelorMittal said on November 5 it would cut production as the slowing global economy reduces steel demand.