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.
¡°We did not agree to this arrangement, nor do we have any information about the financial wherewithal of this holding company to actually stand behind all of the obligations of our existing agreements,¡± asserts the USW in its statement.
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.