France’s construction sector is experiencing a slowdown

Both prices and sales volumes are decreasing on the rebar market
Electricity prices rose in most EU countries in February 2023

One factor was the rising cost of the carbon contract
France increased steel production by 33.7% m/m

Production fell by 16.7% y/y
ArcelorMittal plans to restart blast furnace in Foss-sur-Mer in April 2023

Blast furnace №2 at the French plant was shut down in December 2022
Electricity prices in Europe fell significantly in January 2023

Governments and companies are still forced to act in the face of energy price volatility
France reduced steel production by 26% m/m in December 2022

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

In Germany, steel output fell by 11.8% m/m, in Italy – by 7.9% m/m
France cut steel production by 6.2% m/m in November 2022

In January-November, French steelmakers reduced steel production by 11.6% y/y
Electricity prices in the EU have risen sharply due to wind energy forecasts

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

Electricity prices in Europe rose in November due to cold weather

European prices in late November and early December were also affected by the decline in wind power capacity
Some European countries increased steel production in October 2022

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

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