ArcelorMittal is on the hunt for supplies of US liquefied natural gas in what would be its first LNG deal for its European steelmaking operations.
With the search in its early days, no decision has been made on the length or structure of a contract to supply LNG, but industrial peers of the world’s second-largest steelmaker have signed agreements for about 20 years.
The decision to seek a deal follows disruption of the European gas market because of the war in Ukraine as concerns persist over high and unstable prices and pipeline supplies, said five people familiar with the matter.
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