9,347.17 TL BIST 100 BIST 100
31.01 $ USD USD
€33.67 EUR EUR
4.34 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
43.42 TL Interest Interest
83.25 $ Fossil Oil Fossil Oil
22.62 $ Silver Silver
3.88 $ Copper Copper
121.11 $ Iron Ore Iron Ore
394.00 $ Ship Dismantling Ship Dismantling
2,023.50 TL Gold (gr) Gold (gr)

ArcelorMittal Fos-sur-Mer blast furnace to continue idling

ArcelorMittal Méditerranée will temporarily close one of its two blast furnaces in Fos-sur-Mer. Blast furnace No. 1, currently idle for technical reasons, will not resume production until market consumption improves after maintenance.

ArcelorMittal Fos-sur-Mer blast furnace to continue idling

"The demand situation will be reassessed until the end of the first quarter of 2024. During this time, compliance measures will be taken, prioritising staff training and measures to ensure the long-term viability of industrial facilities. Ensuring continuity of service for our customers remains our priority," the company said in the statement.

ArcelorMittal Méditerranée continues to invest in decarbonising the plant and ensuring its long-term viability. These investments include a future electric arc furnace as well as a €73 million ($77 million) ladle furnace under construction that will increase the use of recycled steel.

The new EAF will be operational from 2027 and will replace a blast furnace by the end of the decade. ArcelorMittal has two blast furnaces at Fos-sur-Mer.

The French government will support the entire project with an investment of €1.7 billion. ArcelorMittal and the French government signed a strategic partnership for these investments last year.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Sackers Metal Processing Ltd is ready to cooperate with Uzbekistan

Friday, February 23, 2024

Gerdau says it may accelerate downsizing in Brazil

Friday, February 23, 2024

Mechel JSC announced the results of 2023

Friday, February 23, 2024

Japan's January stcrude steel production surged

Friday, February 23, 2024

Tata Steel withdraws merger plan with TRF

Friday, February 23, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now