ArcelorMittal remains committed to decarbonizing its operations in France. The company is working closely with the French Government, whose leadership has been key in the defense of the steel industry in France and Europe.
The European steel industry now requires effective limitation of imports at 15% of market demand as well as an effective carbon border adjustment mechanism (CBAM) that notably prevents resource shuffling. That would restore a level playing field on the European steel market.
ArcelorMittal’s investment, together with the recent investments announced (EUR 254 million in Dunkirk and EUR 53 million in Fos) and the new electric steels production unit under construction in Mardyck, which is set to be completed by end of 2025 (EUR 500 million investment), totals EUR 2 billion of investment and demonstrates ArcelorMittal’s intention to maintain a thriving and sustainable steel-making business in France.