27
Sep
14:30
Ascoval to cut production on high energy costs
Saarstahl Ascoval in Saint-Saulve, the French subsidiary of SHS/Saarstahl Group, plans to halve its output starting next month due to increasing energy costs, union sources confirm to Kallanish.
The mill will turn off its electric arc furnaces for a few days per week over the next three months. This adds to the list of French long and flat steel producers, including Ascometal and ArcelorMittal, cutting output significantly to save on energy bills and balance deman…
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Very good overview of the weekly steel market.
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