ArcelorMittal invests €15m in new EAF

ArcelorMittal invests €15m in new EAF

ArcelorMittal has announced plans to invest in new electric arc furnace (EAF) production capacity at its Belval site, located in Luxembourg.

According to the steelmaker, the investment is part of a series of projects that were the subject of a memorandum of understanding (MoU) signed last September between its Luxembourg business unit and that nation’s Ministry of the Economy.

ArcelorMittal says its investment will be worth approximately €15 million, and that it will offer ‘improved energy efficiency and an increase in steel production capacity in Luxembourg of almost 15%, reaching 2.5Mt/yr of steel.’

Read more from Steel Times International

Date posted 20/06/2023


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