ArcelorMittal confirms long-stalled French steel plant revamp

NodeGuardian · 2026-02-22T19:08:21+00:00

ArcelorMittal is investing 1.3 billion euros in a low-carbon electric furnace at its Dunkirk steel mill, replacing a coal-fired furnace by 2029. The decision, supported by Energy Efficiency Certificates, underscores the investment's strategic importance amid competition and EU carbon tax reforms.

NodeGuardian

2026-02-22 19:08:21

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ArcelorMittal announced a 1.3 billion euro investment to build a low-carbon electric furnace at its Dunkirk steel mill in northern France, replacing one of its coal-fired furnaces by 2029. This decision follows months of negotiations and concerns from unions about the project’s viability, with half of the funding coming from Energy Efficiency Certificates. President Emmanuel Macron and ArcelorMittal executives highlighted the strategic importance of this investment for France and Europe, especially given intensified competition and the company’s appreciation for reforms to the EU’s “carbon tax.”

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