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    Market Segment

    February 17, 2022

    ArcelorMittal Awarded $500 Million Subsidy for New Dofasco EAF, DRI Projects

    Written by David Schollaert

    The Ontario government will contribute $500 million ($393 million U.S.) towards ArcelorMittal Dofasco’s $1.8 billion clean tech project to decrease its carbon intensity in steelmaking.

    ArcelorMittalThe Hamilton-based steelmaker – a subsidiary of multinational ArcelorMittal SA – is working towards decreasing its greenhouse gas emissions by replacing its coal-fed coke ovens and blast furnaces with hydrogen-enabled electric arc furnace (EAF) and direct-reduced iron (DRI) technology.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

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