France

The main shortage of hot-rolled steel in the EU is expected in the summer 2023

The company is assessing the consequences of fires that occurred at blast furnaces in Spain and France

Recently, there was a fire at one of the three blast furnaces of the plant. The company is evaluating the consequences and cause of the incident

The fire started in the morning of March 30, 2023, on the roof of the blast furnace, but it was quickly extinguished

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