Spanish CELSA Group unit Celsa France has begun the testing phase of the new rolling mill in the company’s industrial complex in Bayonne in South West of France, with the recent ignition of the furnace of the installation and with the production of first steel pieces, in which it has invested 65 million euros. Celsa France will produce up to 550,000 tonnes of rolled products per year in Bayonne, which will allow it to access a new European market that consumes around 20 million tonnes of wire rod per year. At full capacity, the new rolling mill, whose manufacture began in January 2020, has a generating capacity and revenues of around 300 million euros per year. The new facility will come into operation once the tests that have begun with the ignition of the furnace and that will continue for a few weeks are finished.The start-up of this facility means that Celsa France will be able to produce finished products and thus have direct access to a market for products with greater added value, which will provide greater capacity for return and profitability on investment.Celsa France has also signed a strategic alliance with one of its customers, Intersig France, which will buy part of the new production and help it open the market for finalist products in the French market. The alliance with Intersig France allows both companies to promote productive synergies in the same plant in Bayonne that allows from the start to make the investment profitable.CELSA Group is Europe’s leading producer of circular, low-carbon steel. Family company of world reference has positioned itself as a leader in the manufacture of circular steel, for its integration throughout the value chain, recycling scrap and producing steel in electric arc furnaces, a more sustainable production system that exists today, which has made it a company with low CO2 emissions in its sector. The group has more than 120 production centers around the world
Spanish CELSA Group unit Celsa France has begun the testing phase of the new rolling mill in the company’s industrial complex in Bayonne in South West of France, with the recent ignition of the furnace of the installation and with the production of first steel pieces, in which it has invested 65 million euros. Celsa France will produce up to 550,000 tonnes of rolled products per year in Bayonne, which will allow it to access a new European market that consumes around 20 million tonnes of wire rod per year. At full capacity, the new rolling mill, whose manufacture began in January 2020, has a generating capacity and revenues of around 300 million euros per year. The new facility will come into operation once the tests that have begun with the ignition of the furnace and that will continue for a few weeks are finished.The start-up of this facility means that Celsa France will be able to produce finished products and thus have direct access to a market for products with greater added value, which will provide greater capacity for return and profitability on investment.Celsa France has also signed a strategic alliance with one of its customers, Intersig France, which will buy part of the new production and help it open the market for finalist products in the French market. The alliance with Intersig France allows both companies to promote productive synergies in the same plant in Bayonne that allows from the start to make the investment profitable.CELSA Group is Europe’s leading producer of circular, low-carbon steel. Family company of world reference has positioned itself as a leader in the manufacture of circular steel, for its integration throughout the value chain, recycling scrap and producing steel in electric arc furnaces, a more sustainable production system that exists today, which has made it a company with low CO2 emissions in its sector. The group has more than 120 production centers around the world
