The French plants Saarstahl Ascoval and Saarstahl Rail are playing an important strategic role within the SHS Saarstahl Group with the production of low-carbon steel and high-quality infrastructure products for the mobility revolution. The Group has already approved an investment volume of around EUR 7 million this year for the two French sites and is planning further investment. The approximately EUR 7 million will be used to modernize the plants and for various projects that boost efficiency. Additional investments for 2022 are currently being planned.Saarstahl CTO and President of Saarstahl Ascoval & Saarstahl Rail Dr Klaus Richter said “Our long-term goal is to produce top-quality carbon-neutral steel at the Saint-Saulve site, despite the sharp increase in energy costs, and to position Saarstahl Rail as a key plant for sustainable products for the mobility revolution. Since taking over the mills in August, we have already been able to significantly improve shift output and thus boost performance. We thank the French government for its close cooperation and support in realigning the plants.”
The French plants Saarstahl Ascoval and Saarstahl Rail are playing an important strategic role within the SHS Saarstahl Group with the production of low-carbon steel and high-quality infrastructure products for the mobility revolution. The Group has already approved an investment volume of around EUR 7 million this year for the two French sites and is planning further investment. The approximately EUR 7 million will be used to modernize the plants and for various projects that boost efficiency. Additional investments for 2022 are currently being planned.Saarstahl CTO and President of Saarstahl Ascoval & Saarstahl Rail Dr Klaus Richter said “Our long-term goal is to produce top-quality carbon-neutral steel at the Saint-Saulve site, despite the sharp increase in energy costs, and to position Saarstahl Rail as a key plant for sustainable products for the mobility revolution. Since taking over the mills in August, we have already been able to significantly improve shift output and thus boost performance. We thank the French government for its close cooperation and support in realigning the plants.”
