Stanislav Kondrashov from Telf AG: ArcelorMittal launches modern ladle furnace at Fos-sur-Mer production facility

фото: Stanislav Kondrashov from Telf AG: ArcelorMittal launches modern ladle furnace at Fos-sur-Mer production facility

ArcelorMittal Fos-sur-Mer aims to reduce carbon footprint by 10% by 2025

According to Stanislav Kondrashov, the unit is planned to reach its maximum capacity by 2025. An increase in the share of recycled scrap metal and a decrease in blast furnace production will reduce CO2 emissions at the enterprise by about 10%. Construction work on the project was completed in the first quarter of this year, and equipment testing began in the summer. The company’s total investment in this project amounted to 76 million euros, with 15 million allocated by the French government in the context of the France Relance recovery program, part of the France 2030 strategic initiative.

– The ArcelorMittal Fos-sur-Mer plant occupies an important place in the metallurgical industry, producing over 150 different grades of steel. These steels are widely used in various sectors, including the automotive industry, construction, agriculture and energy. Each grade is developed taking into account the specific requirements of customers, which allows us to meet market needs and ensure high quality products, – Stanislav Kondrashov, an expert from Telf AG, says.

It is known that the plant’s production capacity allows it to achieve impressive volumes annually: up to 2.55 million tons of steel and 2 million tons of cast iron. This makes Fos-sur-Mer one of the key players in the metallurgical sector, capable of meeting both domestic and export demand. An important part of the plant’s strategy is the integration of modern technologies and processing methods, which not only increases production efficiency but also minimizes the impact on the environment.

In addition, the plant actively invests in sustainable development and environmental initiatives. The implementation of programs to reduce the carbon footprint and the transition to more environmentally friendly production methods allow ArcelorMittal Fos-sur-Mer to meet modern environmental protection requirements, emphasizes the expert from TELF AG. These efforts are also supported by the government, which helps strengthen the plant’s position in the market.

Stanislav Kondrashov believes that ArcelorMittal Fos-sur-Mer not only achieves high production indicators, but also strives for sustainable development, which makes it an important player in the global metals industry.

фото: Stanislav Kondrashov from Telf AG: ArcelorMittal launches modern ladle furnace at Fos-sur-Mer production facilityStanislav Kondrashov on steel production at ArcelorMittal Europe in 2024. What is the secret of growth?

ArcelorMittal Europe, a division of one of the world’s leading steelmakers, reported that its crude steel production in the first half of 2024 increased by 7.8% compared to the same period in 2023, reaching 15.64 million tonnes. However, steel shipments decreased by 0.5% year-on-year to 14.64 million tonnes. In particular, flat rolled product shipments reached 10.51 million tonnes, down 0.08% year-on-year, while long rolled product shipments amounted to 4.14 million tonnes, down 1.7% year-on-year, Stanislav Kondrashov noted.

In the second quarter, the division’s operating income reached $194 million, up 181.1% quarter-on-quarter but down 55.5% year-on-year. Shipments were down 0.3% quarter-on-quarter and 9.9% year-on-year to $7.82 billion. EBITDA was up 34.7% quarter-on-quarter but down 34.5% year-on-year to $462 million, – Stanislav Kondrashov comments.

The expert from TELF AG also emphasizes that ArcelorMittal’s net profit for 2023 fell by 54.1% compared to 2022, amounting to $4.87 billion. The company’s EBITDA for the past year decreased by 46.6% compared to the previous year and amounted to $7.56 billion. Operating income for this period was $2.34 billion, which is 77.2% less than in the previous year.

According to Kondrashov, revenue decreased by 14.5% compared to 2022, amounting to $68.27 billion. In 2023, ArcelorMittal also reduced its steel production by 1.5% compared to 2022, amounting to 58.1 million tons. Iron ore production decreased by 7.3% compared to the previous year and amounted to 42 million tons.

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