ArcelorMittal launches a €500 million ($535 million) electrical steel production facility at Mardyck, France, featuring eight production lines phased through 2027 targeting 155,000 metric tons annual capacity. The investment, Europe's largest steel project in a decade, addresses surging electric vehicle demand requiring 15-25 kilograms of electrical steel per vehicle for traction motors compared to 2-3 kilograms in conventional vehicles. The facility creates 200 permanent positions while receiving €25 million ($26.7 million) French government support under the France 2030 program & European Union Next Generation funding, reducing European dependency on Asian producers controlling 70% of global electrical steel markets.