France - Latest news GMK Center

The company applies an energy premium of €866/t to the March contracts

Production fell by 31.2% y/y

Both prices and sales volumes are decreasing on the rebar market

One factor was the rising cost of the carbon contract

Production fell by 16.7% y/y

Blast furnace №2 at the French plant was shut down in December 2022

Governments and companies are still forced to act in the face of energy price volatility

In 2022, French steelmakers reduced steel production by 13.1% y/y

In Germany, steel output fell by 11.8% m/m, in Italy – by 7.9% m/m

In January-November, French steelmakers reduced steel production by 11.6% y/y

The base price of electricity in Germany for the day ahead on December 8 increased to €425/MWh

European prices in late November and early December were also affected by the decline in wind power capacity