ArcelorMittal has confirmed a strategic €1.3 billion investment to build an electric arc furnace (EAF) at its Dunkirk steelmaking site. 

The two-million-ton EAF, scheduled to begin operations in 2029, will reduce CO2 emissions by two-thirds compared to blast furnaces, producing just 0.6 tons of CO2 per ton of steel. The investment will be 50% funded through Energy Efficiency Certificates (CEE), a regulatory mechanism promoting energy savings and carbon reduction. 

ArcelorMittal welcomes recent European Commission regulatory proposals, including the Tariff Rate Quota (TRQ) mechanism and CBAM reforms, which are expected to restore fair competition in the European steel market once fully implemented. 

Additionally, a long-term contract with EDF for low-carbon, competitively priced electricity represents a crucial component of ArcelorMittal France's energy strategy.