ArcelorMittal Could Soon Resume Idled French Blast Furnace
21 Février 2023 - 10:53AM
Dow Jones News
By Pierre Bertrand
ArcelorMittal could soon renew operations at its idled
Fos-sur-Mer blast furnace in the south of France as market
conditions improve in Europe.
"Signs of a recovery in demand in our markets allow us to
envisage a return to two blast furnaces - at a minimum capacity -
in April," a spokesperson for ArcelorMittal in France said.
The blast furnace was idled last year when high energy prices,
combined with falling demand and high foreign steel imports, forced
the Luxembourg-based steelmaker to reduce production capacity
across the continent to meet market conditions.
ArcelorMittal said earlier this month that it was gradually
restarting its idled European steel production capacities. It
resumed operations, though at a reduced capacity, at its idled
blast furnace in Asturias in northern Spain on Feb 6.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
February 21, 2023 04:38 ET (09:38 GMT)
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