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France - Latest news GMK Center

Photo – The Bank of France has lowered its economic growth forecast to 0.5% y/y
The Bank of France has lowered its economic growth forecast to 0.5% y/y

The expected growth rate for 2026 has fallen to 0.5% y/y from 0.9% y/y

Photo – ArcelorMittal plans to integrate EAFs into electrical steel production chain in Europe
ArcelorMittal plans to integrate EAFs into electrical steel production chain in Europe

The company will ramp up production of these products in the region

Photo – Marcegaglia is increasing its investment in the project in Fos-sur-Mer
Marcegaglia is increasing its investment in the project in Fos-sur-Mer

The group announced that it will invest an additional €600 million

Photo – Vallourec forecasts a decline in production due to the war in the Middle East
Vallourec forecasts a decline in production due to the war in the Middle East

Provided the geopolitical situation stabilizes, the company expects business activity to pick up in the second half of the year

Photo – ArcelorMittal Industeel has commissioned a new continuous casting machine at its plant in France
ArcelorMittal Industeel has commissioned a new continuous casting machine at its plant in France

Investment in the project at the Le Creux site totaled €52 million

Photo – Marcegaglia is investing €1 billion in a steel plant in France
Marcegaglia is investing €1 billion in a steel plant in France

The project in Fos-sur-Mer will be capable of producing over 2 million metric tons of steel per year using EAF technology and up to 3 million metric tons of hot-rolled coil

Photo – ArcelorMittal has launched a new phase of its electrical steel project in France
ArcelorMittal has launched a new phase of its electrical steel project in France

The production of the first coil on the new lines in Mardik brings the group closer to tripling its capacity in Europe

Photo – Thyssenkrupp is extending production cuts in France due to import pressure
Thyssenkrupp is extending production cuts in France due to import pressure

The plant in Isberg will be completely shut down from June through September, putting 1,200 jobs at risk

Photo – The EC has approved France’s state aid scheme for hydrogen production
The EC has approved France’s state aid scheme for hydrogen production

The program will support the construction of new 1-GW electrolysers

Photo – ArcelorMittal Fos-sur-Mer will resume operations at two blast furnaces in the second half of the year
ArcelorMittal Fos-sur-Mer will resume operations at two blast furnaces in the second half of the year

The company is increasing its investment to €90 million in 2026 and is preparing to hire additional staff for the site

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