France

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France’s construction sector is experiencing a slowdown

Both prices and sales volumes are decreasing on the rebar market

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Electricity prices rose in most EU countries in February 2023

One factor was the rising cost of the carbon contract

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France increased steel production by 33.7% m/m

Production fell by 16.7% y/y

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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

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Electricity prices in Europe fell significantly in January 2023

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

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France reduced steel production by 26% m/m in December 2022

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

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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

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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

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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

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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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