We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
ArcelorMittal to Build New EAF in Dunkirk to Advance Decarbonization
Read MoreHide Full Article
Key Takeaways
ArcelorMittal will build a 2M-ton EAF in Dunkirk, starting operations in 2029.
MT's new furnace will cut CO2 emissions threefold vs. a blast furnace, with 50% funding via the CEE scheme.
MT also plans a Euro 500M electrical steel unit at Mardyck, its largest Europe investment in a decade.
ArcelorMittal S.A. (MT - Free Report) has confirmed a Euro 1.3 billion strategic investment to build an electric arc furnace (EAF) at its Dunkirk steelmaking site, marking a significant step in the decarbonization of steel production in France.
The 2-million-ton EAF is scheduled to begin operations in 2029 and will reduce CO2 emissions by threefold compared to a blast furnace. Due to the sustainable benefits derived from it, France’s Energy Efficiency Certificates (CEE) scheme will support its funding, covering around 50% of the total investment.
ArcelorMittal said the decision reflects growing confidence in Europe’s evolving policy framework. Recent European Commission proposals to strengthen the Tariff Rate Quota (TRQ) system and reform the Carbon Border Adjustment Mechanism (CBAM) are expected to better protect European steelmakers from unfair imports and carbon leakage. These actions, along with signing a contract with EDF to secure a long-term supply of low-carbon, are key steps to swiftly moving ahead with this investment.
Furthermore, the company is also starting up a new electrical steel production unit in its Mardyck plant with a Euro 500 million investment. It is set to be installed with state-of-the-art technologies, marking the group’s largest investment in Europe in the last 10 years, excluding decarbonization.
MT stock has gained 117.4% over the past year compared with the industry’s 59.8% rise.
Image Source: Zacks Investment Research
MT’s Zacks Rank & Key Picks
MT currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Coeur Mining, Inc. (CDE - Free Report) , Albemarle Corporation (ALB - Free Report) and Avino Silver & Gold Mines Ltd. (ASM - Free Report) .
The Zacks Consensus Estimate for CDE’s 2025 earnings is pegged at 91 cents per share, indicating a rise of 405.56% year over year. Its earnings beat the Zacks Consensus Estimate in two of the trailing four quarters while missing it in the remaining two, with an average surprise of 106.61%. CDE’s shares have soared 213.3% over the past year.
The Zacks Consensus Estimate for ALB’s 2025 loss is pinned at 70 cents per share, indicating a 70.09% year-over-year increase. Its shares have surged 119.8% over the past year.
The Zacks Consensus Estimate for ASM’s 2025 earnings is pinned at 17 cents per share, indicating a 13.33% year-over-year increase. ASM’s shares have skyrocketed 624.5% over the past year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
View the Zacks #1 Rank List
Image: Bigstock
ArcelorMittal to Build New EAF in Dunkirk to Advance Decarbonization
Key Takeaways
ArcelorMittal S.A. (MT - Free Report) has confirmed a Euro 1.3 billion strategic investment to build an electric arc furnace (EAF) at its Dunkirk steelmaking site, marking a significant step in the decarbonization of steel production in France.
The 2-million-ton EAF is scheduled to begin operations in 2029 and will reduce CO2 emissions by threefold compared to a blast furnace. Due to the sustainable benefits derived from it, France’s Energy Efficiency Certificates (CEE) scheme will support its funding, covering around 50% of the total investment.
ArcelorMittal said the decision reflects growing confidence in Europe’s evolving policy framework. Recent European Commission proposals to strengthen the Tariff Rate Quota (TRQ) system and reform the Carbon Border Adjustment Mechanism (CBAM) are expected to better protect European steelmakers from unfair imports and carbon leakage. These actions, along with signing a contract with EDF to secure a long-term supply of low-carbon, are key steps to swiftly moving ahead with this investment.
Furthermore, the company is also starting up a new electrical steel production unit in its Mardyck plant with a Euro 500 million investment. It is set to be installed with state-of-the-art technologies, marking the group’s largest investment in Europe in the last 10 years, excluding decarbonization.
MT stock has gained 117.4% over the past year compared with the industry’s 59.8% rise.
Image Source: Zacks Investment Research
MT’s Zacks Rank & Key Picks
MT currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are Coeur Mining, Inc. (CDE - Free Report) , Albemarle Corporation (ALB - Free Report) and Avino Silver & Gold Mines Ltd. (ASM - Free Report) .
While CDE and ALB sport a Zacks Rank #1 (Strong Buy) each at present, ASM carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for CDE’s 2025 earnings is pegged at 91 cents per share, indicating a rise of 405.56% year over year. Its earnings beat the Zacks Consensus Estimate in two of the trailing four quarters while missing it in the remaining two, with an average surprise of 106.61%. CDE’s shares have soared 213.3% over the past year.
The Zacks Consensus Estimate for ALB’s 2025 loss is pinned at 70 cents per share, indicating a 70.09% year-over-year increase. Its shares have surged 119.8% over the past year.
The Zacks Consensus Estimate for ASM’s 2025 earnings is pinned at 17 cents per share, indicating a 13.33% year-over-year increase. ASM’s shares have skyrocketed 624.5% over the past year.