Employing nearly 3,400 people from nearly 70 different nationalities, ArcelorMittal’s Luxembourg sites in Belval, Differdange, and Rodange contribute significantly, producing two million tonnes of crude steel annually. With a commitment to environmental responsibility, the company boasts 98% recycled material in the electrical production of liquid steel and injects over €500 million per year into the economy.
The Luxembourg site, deemed “stable” by the company, is poised to consistently minimise its environmental impact. ArcelorMittal has set targets to reduce CO2 emissions in Europe by at least 30% by 2030, with a global goal of achieving CO2-free production by 2050. Modernisation efforts are underway at the Differdange and Belval sites to align with these objectives.
Henri Reding expressed confidence in the future of steel produced through environmentally friendly methods, citing examples such as wind turbines and eco-friendly buildings that predominantly use steel. Reding highlighted the innovative approach to building design, envisioning structures that could be easily dismantled and repurposed, thus paving the way for efficient reuse and waste reduction.
Despite robust global demand for steel, challenges loom over the industry, particularly in Europe. Escalating energy prices, CO2 taxes, and other production costs raise concerns about the region’s competitiveness and potential loss of the industry. In response, ArcelorMittal seeks increased political support to address these challenges, advocating for stricter taxation on steel imports and bolstering the export of European steel.
ArcelorMittal’s commitment to clean steel, produced in electric melting furnaces, remains steadfast. In pursuit of enough CO2-free electricity, the company currently does not rule out the use of nuclear energy.
