ArcelorMittal has signed an 18-year nuclear power supply contract (CAPN) with France’s EDF to power its French steel making sites, a move to stabilize energy costs and cut emissions amid EU decarbonization rules. The deal covers 100% of electricity needs for its Fos-sur-Mer and Dunkirk mills, supporting low-carbon production and CBAM compliance. With ETS carbon costs rising and green hydrogen projects delayed, the CAPN locks in reliable, low-emission energy—critical for ArcelorMittal’s 2030 net-zero goals and French market competitiveness.