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Released February 07, 2025 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Global steel giant ArcelorMittal (Luxembourg, Luxembourg) recently provided updates on two major steel-manufacturing projects in Calvert, Alabama.
In reporting its fourth-quarter and full-year 2024 financial results on February 6, ArcelorMittal said it expects capital expenditures (capex) for 2025 to total between US$4.5 billion and US$5 billion, including between US$1.4 billion and US$1.5 billion on "strategic growth projects" and US$300 million-US$400 million on decarbonization-related projects.
ArcelorMittal specifically pointed out the progress of two growth projects in the U.S.: an electric arc furnace (EAF) addition at its 50:50 joint venture with Nippon Steel Corporation (Tokyo)--known as AM/NS Calvert--and ArcelorMittal's nearby, fully-owned non-grain-oriented electrical steel (NOES) mill.
In the earnings-related conference call, Chief Executive Officer Aditya Mittal said, "We are particularly focused on Brazil, India, and the U.S., where we are enhancing our ability to meet automotive demand through a new high quality electric arc furnace at AM/NS Calvert and new electric steel facility announced today."
click here for more details on the project and here for a plant profile.
Full ownership of the Calvert plant could shift to ArcelorMittal, but only if Nippon Steel completes its acquisition of United States Steel Corporation (NYSE:X ) (U.S. Steel) (Pittsburgh, Pennsylvania)--which is still being blocked by President-elect Donald Trump. The parties have been granted an extension to June 18, 2025, to "permanently abandon the transaction," ArcelorMittal said Thursday. The definitive agreement to purchase Nippon Steel's 50% equity interest in the joint venture will remain in place until then.
According to news reports, Trump was expected to meet with executives from U.S. Steel on Thursday, presumably to discuss the company's future amid the potential Nippon Steel acquisition.
ArcelorMittal also on Thursday officially announced it is proceeding with plans to construct its non-grain-oriented electrical steel manufacturing facility, designed to produce up to 150,000 metric tons of NOES annually, "depending on the product mix, in support of automotive and mobility, renewable electricity production, and other industrial and commercial uses of NOES, including electric motors, generators and specialized applications," the company said in a related press release.
Construction is on track to begin in the second half of the year, the company said, with first production expected in 2027. The $1.2 billion project entails installing an annealing pickling line, cold-rolling mill, annealing coating line, packaging and slitter line and ancillary equipment needed for operation. Subscribers can click here to read the detailed project report.
"We're committed to meeting the growing demand for high-quality electrical steels while helping customers overcome their supply chain challenges," said Peter Leblanc, chief marketing officer of ArcelorMittal North America. "The new plant will greatly enhance our capacity to support manufacturers by providing a steady domestic supply of high-quality NOES, enabling them to produce superior products and avoid material shortages, extended lead times and cost volatility associated with overseas supply chains."
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
In reporting its fourth-quarter and full-year 2024 financial results on February 6, ArcelorMittal said it expects capital expenditures (capex) for 2025 to total between US$4.5 billion and US$5 billion, including between US$1.4 billion and US$1.5 billion on "strategic growth projects" and US$300 million-US$400 million on decarbonization-related projects.
ArcelorMittal specifically pointed out the progress of two growth projects in the U.S.: an electric arc furnace (EAF) addition at its 50:50 joint venture with Nippon Steel Corporation (Tokyo)--known as AM/NS Calvert--and ArcelorMittal's nearby, fully-owned non-grain-oriented electrical steel (NOES) mill.
In the earnings-related conference call, Chief Executive Officer Aditya Mittal said, "We are particularly focused on Brazil, India, and the U.S., where we are enhancing our ability to meet automotive demand through a new high quality electric arc furnace at AM/NS Calvert and new electric steel facility announced today."
click here for more details on the project and here for a plant profile.
Full ownership of the Calvert plant could shift to ArcelorMittal, but only if Nippon Steel completes its acquisition of United States Steel Corporation (NYSE:X ) (U.S. Steel) (Pittsburgh, Pennsylvania)--which is still being blocked by President-elect Donald Trump. The parties have been granted an extension to June 18, 2025, to "permanently abandon the transaction," ArcelorMittal said Thursday. The definitive agreement to purchase Nippon Steel's 50% equity interest in the joint venture will remain in place until then.
According to news reports, Trump was expected to meet with executives from U.S. Steel on Thursday, presumably to discuss the company's future amid the potential Nippon Steel acquisition.
ArcelorMittal also on Thursday officially announced it is proceeding with plans to construct its non-grain-oriented electrical steel manufacturing facility, designed to produce up to 150,000 metric tons of NOES annually, "depending on the product mix, in support of automotive and mobility, renewable electricity production, and other industrial and commercial uses of NOES, including electric motors, generators and specialized applications," the company said in a related press release.
Construction is on track to begin in the second half of the year, the company said, with first production expected in 2027. The $1.2 billion project entails installing an annealing pickling line, cold-rolling mill, annealing coating line, packaging and slitter line and ancillary equipment needed for operation. Subscribers can click here to read the detailed project report.
"We're committed to meeting the growing demand for high-quality electrical steels while helping customers overcome their supply chain challenges," said Peter Leblanc, chief marketing officer of ArcelorMittal North America. "The new plant will greatly enhance our capacity to support manufacturers by providing a steady domestic supply of high-quality NOES, enabling them to produce superior products and avoid material shortages, extended lead times and cost volatility associated with overseas supply chains."
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
