German steelmaker Saarstahl, owner of France's Ascoval steel plant in France, will not shift part of the site production to Germany, a move it had been pondering to cope with soaring energy prices. French Finance Minister Bruno Le Maire tweeted “Ascoval’s future was secured overnight after constructive and intense negotiations between Saarstahl and our teams at #Bercy. Thank you all for your commitment. We stay with @AgnesRunacher fully committed to industrial reconquest in France.”Saarstahl said "During recent weeks, the company has had talks with clients, suppliers and staff to review various options. Those talks have been, in full cooperation with French authorities, successfully finalised, the idea of a temporary shift of volumes has been abandoned.”Ascoval, bought earlier this year by Saarstahl, is located in Saint-Saulve, northern France, and employs 300 people. SAARSTAHL ASCOVAL is a steelworks that produces continuous casting rounds of different diameters (from Ø180 to Ø325 mm), billets (155x155mm) and blooms (255x330mm and 300x365mm) in carbon and alloy steel (up to at 13% Cr). It also produces forged products (from Ø110 to Ø250 mm).
German steelmaker Saarstahl, owner of France's Ascoval steel plant in France, will not shift part of the site production to Germany, a move it had been pondering to cope with soaring energy prices. French Finance Minister Bruno Le Maire tweeted “Ascoval’s future was secured overnight after constructive and intense negotiations between Saarstahl and our teams at #Bercy. Thank you all for your commitment. We stay with @AgnesRunacher fully committed to industrial reconquest in France.”Saarstahl said "During recent weeks, the company has had talks with clients, suppliers and staff to review various options. Those talks have been, in full cooperation with French authorities, successfully finalised, the idea of a temporary shift of volumes has been abandoned.”Ascoval, bought earlier this year by Saarstahl, is located in Saint-Saulve, northern France, and employs 300 people. SAARSTAHL ASCOVAL is a steelworks that produces continuous casting rounds of different diameters (from Ø180 to Ø325 mm), billets (155x155mm) and blooms (255x330mm and 300x365mm) in carbon and alloy steel (up to at 13% Cr). It also produces forged products (from Ø110 to Ø250 mm).
