US Stock Movement | ArcelorMittal rises 3% pre-market; will restart French blast furnace and expects to restore full capacity in the second half of the year

Glonghui, April 1st｜Europe's largest steel group continued to rise by 3% in pre-market trading at $53.51. According to reports, the French subsidiary of the group plans to restart Blast Furnace No. 1 at the Fos-sur-Mer plant in June 2026. By then, it will operate alongside the currently running Blast Furnace No. 2, forming a dual-furnace production configuration. The plant is expected to fully restore production capacity in the second half of 2026. Located in Bouches-du-Rhône on France's Mediterranean coast, this plant is one of the group's core steel production bases in Europe. Currently, the group has officially announced an increase of €30/ton in the ex-factory price of European hot-rolled coil (HRC), with continued recovery in confidence across the flat steel market.