ArcelorMittal Investment to Innovate and Transform Steelmaking

Also, the company will build a 2.5 million tonne Direct Reduction of Iron (DRI) unit to transform iron ore using hydrogen instead of coal.

SEATTLE (Scrap Monster): AcelorMittal announced €1.7 billion investment in its Fos-sur-Mer and Dunkirk sites in France, aimed at transforming steelmaking in France. The transformation is expected to generate positive and sustainable dynamics for employment and industrial activity in France.

The French Prime Minister Jean Castex, on his visit to ArcelorMittal Dunkirk site, announced support from the government for the company’s decarbonisation programs in France. The proposed investment targets to reduce around 7.8 million tonnes per year of carbon dioxide emissions by 2030.

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According to company press release, ArcelorMittal will build an electric arc furnace (EAF) in Fos-sur-Mer, complementing the ladle furnace announced in March last year. These investments will turn the site into a reference site for the production of low carbon, circular steel, made from recycled steel.

Also, the company will build a 2.5 million tonne Direct Reduction of Iron (DRI) unit to transform iron ore using hydrogen instead of coal. This DRI will be coupled with an innovative technology electric furnace and completed by an additional Electric Arc Furnace (EAF).

The new industrial facilities are expected to become operational by 2027 and will replace the company’s 3 out of 5 blast furnaces in France.