Construction is expected to take 24 months and the new facility is anticipated to create 300 additional jobs in the community.
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,” he added.
“Alabama has a long heritage in steelmaking, and the decision by AM/NS Calvert to invest more than $500 million at its Mobile County mill represents another important development in the history of the industry in the state,” Governor Kay Ivey said. “The growth will help the company serve customers in industries such as automotive with great ‘Made in Alabama’ steel,” she said.
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 of about $4 billion and was acquired by ArcelorMittal and NSC as a 50:50 joint venture in 2014. The J/V has already invested more than $200 million in strategic projects invested in Calvert since its acquisition.
“Having this type of expansion in our community continues to set Mobile, Alabama apart in advanced manufacturing,” said Mobile Area Chamber Vice President of Economic Development David Rodgers.