France

Some European countries increased steel production in October 2022

In France it increased by 14.7%, in Germany – by 10.5%

France increased steel production by 15% m/m in October 2022

In January-October, French steelmakers reduced steel production by 10.7% y/y

ArcelorMittal will shut down the blast furnace at the Foss-sur-Mer plant

The decision is due to the drop in demand for steel and the high cost of energy

Global rebar prices are falling amid low demand in the construction sector

Quotations of rebar in Turkiye last week fell by 3.6%, in Italy – by 5.5%, in China – by 2.6%

Stagnation continues in the French rebar market due to weak demand

Domestic rebar contracts in September 2022 were €880-910/t ex-works

Askoval plans to cut production in half from October 2022

During the next three months, the electric arc furnaces at the plant will not work for several days a week to save electricity

Ascometal Swiss Steel announced the shutdown of two French steel plants

In November and December, the company will stop production at the plants in Fosse-sur-Mer and Agondanges