ArcelorMittal confirms the construction of an electric arc furnace in Dunkirk, France: a €1.3 billion investment supporting an important step in its decarbonisation
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Source: GlobeNewswire
10 February 2026, 12:15 CET ArcelorMittal today confirms the construction of an electric arc furnace (EAF) at its steelmaking site in Dunkirk – a strategic €1.3 billion investment which marks a major step in the decarbonisation of ArcelorMittal’s steel production in France. ArcelorMittal is delighted to welcome the French President, Emmanuel Macron, to its Dunkirk site today. President Macron, accompanied by Roland Lescure, Minister for the Economy, Finance and Industrial, Energy and Digital Sovereignty, and Sébastien Martin, Minister Delegate for Industry, will be received by Reiner Blaschek, CEO of ArcelorMittal Europe – Flat Products, Anne van Ysendyck, Head of Government Affairs and Environment, Alain Le Grix de la Salle, Chairman of ArcelorMittal France, and Bruno Ribo, CEO of ArcelorMittal France. The start-up of this 2-million-tonne EAF is scheduled for 2029. It will produce steel with three times less CO2 compared with a blast furnace (0.6 tonne CO2 per tonne of steel in th
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- ArcelorMittal (NYSE:MT) was upgraded by analysts at Jefferies Financial Group Inc. from a "hold" rating to a "buy" rating.MarketBeat
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- ArcelorMittal (NYSE:MT) had its "buy" rating reaffirmed by analysts at Deutsche Bank Aktiengesellschaft.MarketBeat
- ArcelorMittal (NYSE:MT) had its price target raised by analysts at Wells Fargo & Company from $47.00 to $54.00. They now have an "equal weight" rating on the stock.MarketBeat
- ArcelorMittal (NYSE:MT) was upgraded by analysts at Santander from a "neutral" rating to an "outperform" rating.MarketBeat
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- 2/5/26 - Beat
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- 2/10/26 - Form 6-K
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