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Production in steel industry fell by 3.1% m/m

In January-May 2024, French steelmakers increased steel output by 6.6% y/y

The company undertakes to invest €600 million in the modernization of the plant

In January-April 2024, French steelmakers reduced steel output by 0.1% y/y

In January-March 2024, French steelmakers increased steel output by 1% y/y

In January-February 2024, French steelmakers reduced steel production by 4.6% y/y

The economic context for the industry remains unfavorable

The project has entered the final phase of construction since the beginning of the current year

Compared to January 2023, the indicator increased by 1.5%, and compared to the previous month – by 2.6 times

Investments in the construction of the unit amount to €52 million

In December, steel production in the country fell to a record low level of 325,000 tons

The funds will be used to finance two electric arc furnaces and a direct recovery plant