ArcelorMittal announces €300 million investment in new production unit

According to the company, the investment will create more than 100 direct jobs.

The new production unit will be located on the existing ArcelorMittal site in Mardyck near Dunkirk, and will produce electrical steels used in both electric motors (including for industrial machinery) and electric and hybrid vehicles.

The unit will have a 200,000-tonne production capacity and is scheduled to start up in 2024. As part of this development, ArcelorMittal’s electrical steels will aim to contribute in achieving the European Union’s goals on the reduction of CO₂ emissions from vehicle production. The project is supported by the French government as part of France 2030.

Agnès Pannier-Runacher, French Minister Delegate for Industry, commented: “This major investment decision comes one month after the announcement of the steel decarbonisation project in Dunkirk and Fos, to which the Prime Minister gave the State’s support. This project will contribute to our goal of carbon neutrality in 2050, while allowing us to strengthen our steel production capacities. It is another example of our industrial renaissance thanks to the policy of the President of the Republic.”

Matthieu Jehl, CEO of ArcelorMittal France, commented: “This is a new chapter for our site in Mardyck, and for ArcelorMittal in France as a whole. These electrical steels are a great technical challenge, which our teams are ready to take up in order to continue to serve our customers with highly technical steels, manufactured in France”.