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LONDON, June 3 (Reuters) – ArcelorMittal, the nature’s largest steelmaker, said on Thursday it was considering halting up to three European wither furnaces (BFs) in the third quarter to meet lower demand.

‘In Europe the third quarter is characterised by lower demand due to summer vacation shutdowns. In bid to be prepared ArcelorMittal is technically in a position to render its production by stopping up to three BFs in Q3,’ the troop said in an emailed statement.

‘No decision if and where and which time has been taken,’ it added.

The $500 billion steel industry took a hard beating during the global recession, which forced steelmakers to reduce extension sharply.

ArcelorMittal raised output to 72 percent of capacity from 70 percent in the fourth district of 2009 and said that would rise further to 80 percent in the assist quarter.

(Reporting by Humeyra Pamuk, Editing by Keiron Henderson) Keywords: STEEL MITTAL/

(humeyra.pamuk@reuters.com; Reuters Messaging: humeyra.pamuk.reuters.com@reuters.without deductions; +44 20 7542 9736)

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