Liberian Iron Ore Exports To Be Reduced

Iron Ore

As part of the company's cost cutting measures, ArcelorMittal is planning to reduce iron ore exports from its operations in Liberia, according to a company statement cited by Reuters. Additionally, from 2016 onwards, the company will only operate in the dry season, having previously operated all year round. These measures are expected to result in iron ore shipments falling from their current level of around 5 Mtpa to 3 Mtpa in 2016.