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Industry forced into production cuts in 2023


DECRYPTION - The shock will be much greater in 2023 than in 2022, when companies will bear the full brunt of higher electricity and gas prices. State aid may not be enough to prevent a decline in industrial activity.

In Fos-sur-Mer, in the Bouches-du-Rhône, ArcelorMittal shut down one of its two blast furnaces.

The reason:

“The slowdown in steel demand and the impact of energy prices.”

In Dunkirk, in the North, the largest aluminum smelter in Europe has decided to reduce its production by 22%.

In Arques, in the Pas-de-Calais, Arc International will turn off four to six ovens, out of the nine that the company has, and will occasionally use domestic fuel oil as a substitute for gas to get through the winter.

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The energy crisis, which has taken on great proportions since the start of the war in Ukraine last February, is now a constant concern for French industry.

And what we see today are only the premises.

“For the moment, there are no major consequences because most companies have contracts that largely protected them this year”

, explains Philippe Contet, director general of the Federation of Mechanical Industries (FIM)…

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Source: lefigaro

All business articles on 2022-11-28

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