“ArcelorMittal stops the work of two enterprises in Germany,” RIA Novosti quotes a statement from the concern.

It is noted that factories in Bremen and Hamburg will be closed, where a shortened working day has already been introduced.

The concern clarifies that the "exorbitant rise in prices" for energy carriers has a huge impact on the competitiveness of steel production.

Earlier it was reported that the largest enterprise for the production of aluminum in Slovakia, Slovalco, will stop production due to the high cost of electricity.