ArcelorMittal plans new Calvert mill without JV partner

ArcelorMittal plans to build a new electrical steel manufacturing facility near its AM/NS Calvert joint-venture mill in Alabama. The steelmaker plans to produce 150,000 metric tons (165,350 short tons) of non-grain-oriented electrical steel (NOES) annually there through its wholly owned subsidiary, ArcelorMittal Calvert LLC.

ArcelorMittal revealed its plans for the new mill on Monday, following the Department of Energy’s (DOE) announcement last week that ArcelorMittal Calvert LLC would receive $280.5 million in federal tax credits for the project. The 48C tax credit provides funding for up to 30% of a clean energy project’s investment, which suggests the new NOES mill could come at an investment of upwards of $935 million.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.