On May 16, ArcelorMittal announced on its official website that it is collaborating closely with the French government to advance decarbonization in France’s steel industry. The company has confirmed plans to invest approximately €1.2 billion (around $1.357 billion) in building an arc furnace at its Dunkirk plant. Starting this summer, ArcelorMittal will reinvigorate a series of low-carbon initiatives. Combined with previous investments in the Dunkirk, Fos-sur-Mer plants, and the Madik electrical steel production line, the company’s total investment in steel decarbonization projects in France now reaches approximately €2 billion (around $2.262 billion). Meanwhile, ArcelorMittal’s low-carbon steel brand XCarb series has achieved innovative applications across multiple sectors in Europe. Certified by third-party EPD (Environmental Product Declaration), it is driving green transformation in industries such as construction, heating, ventilation, and public facilities, pioneering a new paradigm of collaborative carbon reduction between steel mills and downstream sectors.