[SMM Iron & Steel] ArcelorMittal Finalizes €1.3 Billion EAF Investment in France

Published: Feb 25, 2026 11:45

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ArcelorMittal confirmed on February 16, 2026, a €1.3 billion ($1.5 billion) investment to build a new Electric Arc Furnace (EAF) at its Dunkirk site. The project, which was announced during a visit by French President Emmanuel Macron, will have a capacity of 2 million tonnes per year and is scheduled for start-up in 2029. This move is a central part of the company’s strategy to comply with the EU’s Carbon Border Adjustment Mechanism (CBAM), which enters its definitive phase this year.

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