ArcelorMittal officials said that during the seasonal slowdown in the demand for steel, it has cut production at certain locations in order to optimize the production flows and to align the production capacities to demand.

FORBES: ArcelorMitttal Cuts Production As Steel Demand Falls

In the long run, British Petroleum is also looking at bringing larger production vessels in, create a more permanent connection that can be disconnected easily in case we have a hurricane or bad weather later on in the hurricane season, and will continue to optimize the production out of the well to contain it.

WHITEHOUSE: Daily Press Briefing

The company also announced production suspension at its German steel mill in order to optimize its inventory.

FORBES: ArcelorMittal Still Good For $22 Even With Lower Guidance