ArcelorMittal invests massively in the United States rather than in Europe ArcelorMittal invested massively in the United States rather than in Europe

< IMG LOADING = "Lazy" SRSC = "/Sites/Default/Files/Styles/Medium/2025-02/Frederick%20florin%20AFP%20%282%29.jpg ? Itok = 37170ity" Width Width = "1300" height = "731" alt = "AFP" class = "Lazyload Img-Fluid Image-Style-Max-1300x1300" SRC = "/Sites/Default/Files/Styles/Max_1300x1300/Public/2025-02/%20FLorin%20AFP%20%282%29.JPG ? Itok = -KH4K4GJ " /> Florin/AFP < P > After having suspended his decarbon steel project in Dunkirk in the north of France at the end of 2024, the steel giant ArcelorMittal chose the United States to invest nearly a billion dollars in a New factory intended to support the electrification of the world.

< P > The group has formalized Thursday a project to build a new production site in Calvert (Alabama), where it is already established, which should come into production at the end of 2027 in order to “support automobile production and mobility” and “renewable electricity production”.

< p > The new factory will produce “non -oriented grain” steel (NOES) “, one type of steel with high magnetic properties, used especially in electric equipment generators, transformers, alternators and engines. It is also found in wind turbines.

< P >This investment of $ 900 million comes just two months after the break on another massive investment project of ArcelorMittal on the decarbonation of steel in France. < P > For the French project of 1.8 billion euros, which is therefore delayed, the steelmaker must put nearly a billion euros on the table, the State having committed to pay by his side Aid up to 850 million euros. ~ 60 > In Dunkirk, one of the largest steel production sites in Western Europe with its high stoves Emblematic, the group plans to build two electric ovens and a direct reduction unit of iron with gas or hydrogen (without coal), decisive stages to produce decarbon steel.

< P >< Strong > – “Insufficient” –

< P >“Investments in decarbonation in Europe are progressing at a slower speed than what was initially planned,” insisted ArcelorMittal in a press release Thursday, published on the occasion of its annual results.

< P > The steelmaker considers “insufficient” the efforts of the Commission to protect decarbon steel on the old continent in the face of competition at low prices from Asia, in a context of global overproduction of steel, and Very high energy price in Europe.

< P > Before possibly unlocking investments in France, Adityya Mittal, the Director General of the ArcelorMittal group, requests Europe “Emergency support” in 2025 in order to “create a political context which encourages the investments necessary for the acceleration of decarbonation in Europe”. & nbsp;

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