ArcelorMittal to Build Lower-Emission Electric Furnace at Dunkirk Following EU Policy Changes

ArcelorMittal is investing 1.3 billion euros in a lower-emission furnace at its Dunkirk plant. The project follows new EU trade protections and starts in 2029.

洞察:
ArcelorMittal S.A. announced on Tuesday a €1.3 billion investment to build a lower-emission electric furnace at its Dunkirk steel plant in France FRFR. The project, known as the Dunkirk electric furnace project, is intended to replace an existing blast furnace and is scheduled for launch in 2029. The company stated that the decision was enabled by recent European Union measures to protect the steel sector and a new long-term electricity contract.
Red hot slabs of steel move along conveyors at the ArcelorMittal metals plant in Dunkirk during a media tour focused on reducing the industry's carbon intensity in France, January 16, 2023. REUTERS/Benoit Tessier/File Photo
Red hot slabs of steel move along conveyors at the ArcelorMittal metals plant in Dunkirk during a media tour focused on reducing the industry's carbon intensity in France, January 16, 2023. REUTERS/Benoit Tessier/File Photo
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