France

In January-February 2024, French steelmakers reduced steel production by 4.6% y/y

The economic context for the industry remains unfavorable

The project has entered the final phase of construction since the beginning of the current year

Compared to January 2023, the indicator increased by 1.5%, and compared to the previous month – by 2.6 times

Investments in the construction of the unit amount to €52 million

In December, steel production in the country fell to a record low level of 325,000 tons

The funds will be used to finance two electric arc furnaces and a direct recovery plant

Compared to November 2022, the indicator increased by 91.5%

Through the merger, Acciaierie Venete plans to increase its presence on the European market

The export of s proteelducts for the month fell by 4% y/y

Compared to October 2022, the indicator decreased by 19.3%

The company states that a significant decrease in demand continues to be observed in Europe