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ArcelorMittal executives reaffirmed Luxembourg's significance in steel production, producing around two million tonnes annually while investing in modernization projects, including a new electric arc furnace and a €23 million dust capture initiative. The company aims for zero employee fatalities by 2027 and is enhancing safety training. Meanwhile, the European steel industry faces challenges from global competition, particularly from China, and delays in battery projects threaten the automotive sector's competitiveness.