ArcelorMittal has laid out a detailed decarbonization roadmap targeting a 25 percent reduction in CO2 emissions intensity by 2030 from a 2018 baseline, aiming for net zero by 2050. The plan includes investments in direct reduced iron with natural gas and hydrogen, increased scrap use in electric arc furnaces, and carbon capture where feasible. The company is allocating billions in capital expenditure over this decade, prioritizing projects in the EU and North America based on regulatory frameworks and customer demand. The steelmaker's strategy is compared to peers like Nippon Steel and POSCO, which also have net zero targets and hydrogen pilot projects. Analysts from Goldman Sachs and UBS note that policy tools such as the EU's Carbon Border Adjustment Mechanism could reward early movers on low-carbon technology. ArcelorMittal's position as one of the largest global steel producers means its investment decisions will influence cost curves and capacity decisions across the sector. The stock trades on Euronext Amsterdam at 23.50 euros per share as of late June 2026.
