• <a fr-original-style="" href="https://www.ft.com/content/219083b7-bd51-4aa5-9d58-3b9e1ac8e076" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">European heavy industry</a> is accelerating production cuts amid surging energy prices and weak demand. Several steelmakers, including Europe’s largest, ArcelorMittal, have in recent days announced plans to idle some of their blast furnaces from the end of this month.<img src="https://images.aposto.com/2022/8/0/1662930774253.jpeg" style="display: block; float: none; vertical-align: top; margin: 5px auto; text-align: center; width: 100%; max-width: 550px; border-style: none; position: relative; cursor: pointer; padding: 0px 1px; box-sizing: border-box;" ratio="1.67" width="550" alt="German chemical production and imports" fr-original-style="display: block; float: none; vertical-align: top; margin: 5px auto; text-align: center; width: 100%; max-width: 550px;" fr-original-class="fr-draggable">via Bloomberg<ul fr-original-style="padding-inline-start: 20px;" style="padding-inline-start: 20px; margin-top: 0px; margin-bottom: 1em; list-style-position: inside; box-sizing: border-box;"><li fr-original-style="" style="box-sizing: border-box;">Meanwhile: Germany’s chemical imports <a fr-original-style="" href="https://www.bloomberg.com/news/articles/2022-09-11/germany-cranks-up-chemical-imports-as-energy-crisis-hikes-costs" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">have almost doubled</a> this year as domestic production fell precipitously due to sky-high gas costs. Europe’s largest economy imported around 2.8 billion tonnes of inorganic chemicals in the first half of 2022, according to Germany’s federal statistics office.</li></ul>

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