Feb. 7, 2022 - Luxembourg-based steel producer ArcelorMittal has announced it will invest €1.7 billion ($1.95 billion) in Fos-sur-Mer and Dunkirk, France, to install electric arc furnaces (EAFs) in both cities and an accompanying direct reduced iron (DRI) plant in Dunkirk.
The company cites a reduction in CO2 emissions as the driver of the investments. Among the techniques to prompt that is additional scrap recycling, with the French conversion from blast furnace/basic oxygen to EAF production prompting ArcelorMittal writes, “One kilogram of steel produced by ArcelorMittal in France will soon contain up to 25 percent recycled steel.”
Remarks Yves Koeberlé, CEO of ArcelorMittal Europe – Flat Products, “As a leader in steelmaking, ArcelorMittal is committed to decarbonizing its plants in Europe to serve our industrial customers – automotive, packaging, construction, transport but also solar and wind energy and future networks for hydrogen and CO2 capture. We are grateful for this support from the French state, which will enable the major transformation of our sites in Fos-sur-Mer and Dunkirk, which together account for over one-third of ArcelorMittal’s flat steel production in Europe.”
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