German Daily Welt reported that ArcelorMittal, which will soon shut down two plants in Germany as costs are simply too high because of the high electricity and gas prices, said that the energy crisis is turning into an industrial crisis. ArcelorMittal Germany CEO Mr Reiner Blaschek said “Production in Germany is currently no longer competitive. We need competitive energy prices for industry.” ArcellorMittal had announced on 2 Septemer that from the end of September, ArcelorMittal will shut down one of the two blast furnaces at the Bremen flat steel site until further notice. In the Hamburg long steel works, where ArcelorMittal produces quality wire rod, the direct reduction plant will also be shut down from the fourth quarter due to the current situation and the negative prospects. Short-time work is already in place at both plants, which must be expanded as a result of the upcoming measures. Due to the tense situation, short-time work is already being applied at the production sites in Duisburg and Eisenhüttenstadt.