ArcelorMittal has announced its intention to build an electric arc furnace (EAF) steel making facility at AM/NS Calvert in Alabama.
Once completed, the facility will be capable of producing 1.5 million tonnes of steel slabs for the hot strip mill. It will produce a broad spectrum of steel grades required for Calvert’s end-user markets.
Construction is expected to take 24 months and the new facility is anticipated to create 300 additional jobs in the community, the company said.
Lakshmi Mittal, Chairman and CEO of ArcelorMittal, said: “An electric arc furnace at Calvert makes strategic sense as it allows our asset to be more reactive to the local market as well as being in line with the USMCA. Furthermore, it aligns with our ambition of producing smarter steels for a better world.”
Brad Davey, CEO, ArcelorMittal North America, said: “The addition of an EAF at AM/NS Calvert presents a transformational opportunity for what is already widely considered to be the world’s most advanced steel finishing facility. This is a logical next step in optimizing AM/NS Calvert’s supply chain. Enhancing our already highly competitive lead times with short lead-time flexibility, combined with our existing world class facilities will give AM/NS Calvert a decisive competitive advantage. In addition, the USMCA trade agreement is a 'game changer' for former NAFTA and as a result, future steel supply chains for the automotive markets will be required to use steel that was created within North America. A new EAF at AM/NS Calvert will further secure ArcelorMittal’s leadership in the North American Automotive market.”
AM/NS Calvert is the world’s most advanced steel finishing facility and further demonstrates the highly successful partnership between ArcelorMittal and Nippon Steel Corporation.
AM/NS Calvert was originally built by Thyssenkrupp, with a total investment cost ~$4 billion and was acquired by ArcelorMittal and NSC as a 50:50 JV in 2014. The JV has already invested more than $200 million in strategic projects in Calvert since its acquisition. -- Tradearabia News Service