In a landmark agreement, ArcelorMittal France, a subsidiary of the world's leading steelmaker ArcelorMittal, has joined forces with French state-owned energy supplier EDF Energy.
Also in 2023, new orders surged 56.4 percent year-on-year to 71.2 million deadweight tons, accounting for 66.6 percent of the global total, the data showed.
Alexander Becker, the head of renowned steel manufacturer Georgsmarienhütte, has raised a poignant critique against the German government's decision to retract a planned €5.5 billion subsidy for electricity network fees.
ArcelorMittal, has unveiled a €1.8 billion investment plan aimed at curbing greenhouse gas emissions at a steel plant located in Dunkirk, northern France.