ArcelorMittal invests $1.2 billion in construction of a plant in Alabama

Global steel company ArcelorMittal is continuing to implement plans to build a modern non-grained electrical steel (NOES) plant in Calvert, Alabama, USA.

Investments in the project will amount to $1.2 billion.

The new plant, which is wholly owned by ArcelorMittal, will produce up to 150 ktpa of NOES, depending on product mix, to support the automotive and mobility industries, renewable energy generation and other industrial and commercial applications, including electric motors, generators and specialised uses, the company said in a recent announcement.

Construction is scheduled to begin in the second half of this year, with production starting in 2027. The project is expected to create up to 1,300 jobs during the construction phase and more than 200 permanent jobs to support the plant’s ongoing operations.

The project contributes to the competitiveness of US manufacturing and meets a critical market need by reducing US dependence on electrical steel imports by expanding domestic NOES production.

‘We recognize the importance of creating a resilient, sustainable domestic supply chain for this critical material,’ said John Brett, CEO of ArcelorMittal North America.

As GMK Center reported earlier, ArcelorMittal’s Brazilian unit has announced plans to invest approximately R$3.8 billion to R$4 billion ($661-696 million) in the Tubarão division (Espírito Santo state). As noted, the project to build a new cold rolling mill and a new coating line will be one of the most important for the group and is part of the company’s strategic plan in Brazil, which envisages total investments of R$25 billion in 2022-2028.