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ArcelorMittal Invests €1.3B in Clean Steel Furnace

2/11/2026

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Story summary
  • ArcelorMittal will proceed with a €1.3 billion project to build a new electric furnace at its steel mill in northern France, replacing a coal-powered furnace.
  • Half of the investment will be funded by a state-backed energy efficiency mechanism.
  • President Emmanuel Macron visited the Dunkirk site to commemorate the announcement.
  • The report also notes Cuba's ongoing economic crisis, marked by severe fuel shortages.