ArcelorMittal expands electrical steel production capacity in France

ArcelorMittal France, the French division of Europe’s largest steel producer ArcelorMittal, has announced the start of the preparatory phase for the launch of new production lines for electrical steel at the Mardyck plant. SteelOrbis reports about it.

The production of new products is planned to start in 2024. The recruitment of 100 operators and engineers has started, including personnel for the firing and pickling line, the reversing rolling mill, the preparation line, varnishing and cutting.

The annual capacity of the new line will be 200,000 tons of products. This will allow ArcelorMittal’s production of electrical steel in France to increase to 300,000 tons.

In 2022, France reduced steel production by 26% compared to 2021 – to 12.12 million tons. Thus, the country took 16th place in the global ranking of WorldSteel steel producers.

In general, steel production in the countries of the European Union in February 2023 fell by 12.6% compared to February last year – to 10.5 million tons. In January-February 2023, 20.7 million tons of steel were produced in the EU, which is 14.3% less y/y.

ArcelorMittal Europe in 2022 reduced steel production by 13.3% y/y – to 31.9 million tons. Steel shipments amounted to 30.18 million tons, which is 9% less y/y.

Steel sales for the year increased by 9.1% y/y – up to $47.26 billion. ArcelorMittal Europe’s operating profit in 2022 decreased by 24.3% y/y – to $4.92 billion. The EBITDA indicator for the year was $6.03 billion, which is 10% less y/y.

ArcelorMittal is a leading global steel and mining company with presence in 60 countries and production assets in 18 countries.

Share
Published by
Masha Malonog
Tags: steel production ArcelorMittal France
  • Global Market

Carbon prices in the EU increased by 7% in May

Carbon prices in the EU in May were characterized by volatility amid fluctuations in gas…

Sunday June 1, 2025
  • Global Market

Turkey increased steel production by 7% y/y in April

In April 2025, steel enterprises in Turkey increased steel production by 7% compared to April…

Saturday May 31, 2025
  • Global Market

EU imposes final anti-dumping duties on tinplate from China

The European Commission (EC) has announced its decision to impose final anti-dumping duties on imports…

Friday May 30, 2025
  • Companies

Poland’s JSW exceeded plans for coal production and sales in Q1

Poland's Jastrzębska Spółka Węglowa (JSW), the largest coking coal producer in the EU, has announced…

Friday May 30, 2025
  • Global Market

Turkey increased steel exports by 14.4% y/y in April

In April, Turkey increased steel exports by 14.4% y/y – to 1.2 million tons. In…

Friday May 30, 2025
  • Global Market

The EU has almost exhausted its annual quota for imports of Russian pig iron in 3 months

In the first quarter of 2025, European companies almost exhausted the annual quota for imports…

Friday May 30, 2025