Steelmaker ArcelorMittal is temporarily postponing its investment project to produce carbon-free steel at its Dunkirk site in northern France.
The Usine Nouvelle newspaper, which broke the news, reported that ArcelorMittal had asked the European Commission for measures to protect the European steel industry before embarking on a major investment such as green steel. The Dunkirk project would have a price tag of 1.8 billion euros. 850 million of this would come in the form of state aid from the French government. It involves the construction of two electric arc furnaces and a direct reduced iron (DRI) plant, which are needed to produce green steel.
ArcelorMittal wants to make a similar investment at its Ghent site, but this too appears to be in doubt. Several trade union sources reported last week that no final decision has been taken on Belgium’s “biggest climate investment ever” and that the construction of the new plants will take place in phases.
Further Information:
Belgian-Macedonian Business Club 
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