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

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

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

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

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

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