ArcelorMittal receives €250m loan from Flemish regional government for decarbonisation plan of Ghent plant

ArcelorMittal1New company, old building. Steel mill offices in East Chicago.

Morgan Stanley | Analysts are echoing a Bloomberg report, confirming that Arcelor has received a €250m loan from the Flemish regional government to implement a decarbonisation plan for its plant in Ghent, Belgium. This is in addition to the €350m already granted, for a total loan of €600m, and the €280m in aid it received from the Belgian government. Our analyst Alain Gabriel thus maintains his positive view of Arcelor’s decarbonisation plan and his expectation that it will continue to be financed by >50% public funds. Alain does not expect any negative surprises such as the increase in SSAB’s costs.

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