ArcelorMittal announced its intention to build an Electric Arc Furnace (EAF) steel making facility at AM/NS Calvert. Once completed the planned facility will be capable of producing 1.5Mt of steel slabs for the Hot Strip Mill and producing 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.
AM/NS Calvert is the 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 ~USD 4bn and was acquired by ArcelorMittal and NSC as a 50:50 JV in 2014. The J/V has already invested more than USD 200M in strategic projects invested in Calvert since its acquisition. These capabilities, geographic location in combination with the new EAF will position the facility well for meeting the automotive and energy market demand well into the future.
