Steel Mills
ArcelorMittal Hints at Big Plans for AM/NS Calvert
Written by Sandy Williams
March 5, 2020
ArcelorMittal has big plans for AM/NS Calvert. Lakshmi Mittal, chairman of ArcelorMittal, hinted at a multi-billion dollar investment in Alabama during a press conference with President Donald Trump in India last week.
Mittal thanked Trump for his involvement in the U.S. steel industry, calling the Section 232 tariffs a “big lesson for the rest of the world on how to support domestic manufacturing.”
He continued, “I must thank you for what you have done for the steel industry, what you have done for the tax reform, what you have done to reduce regulations. I’ve never seen the extent of ease of doing business like what we experience in the United States anywhere else in the world. So, I must congratulate you for creating an ease of business ecosystem.”
Mittal did not reveal any further details on the investment. A spokesperson for ArcelorMittal confirmed that announcements will be forthcoming.
“We believe that there are opportunities to further strengthen ArcelorMittal’s existing operations in Alabama to ensure that we are securing cost-competitive slab supplies as well as optimize the productivity of the asset,” said the spokesperson. “Detailed analysis is ongoing and further announcements will be made in due course as appropriate.”
Speculation is that ArcelorMittal will be building an EAF to make steel slab at the Alabama plant. The 50/50 joint venture between ArcelorMittal and Nippon Steel includes a hot strip mill, cold rolling mill and three hot-dip galvanizing lines. The facility has a production capacity of 5.3 million tons of flat rolled carbon steel products annually.
AM/NS Calvert currently receives slab shipments from Ternium in Brazil. The supply agreement is scheduled to expire in December 2020. Having its own steelmaking facility would ensure a steady supply of steel and improve efficiency at Calvert.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
CRU: Tata Steel looks to shed 1,600 jobs in the Netherlands
The company said, “The challenging demand conditions in Europe driven by geopolitical developments, trade and supply chain disruptions and escalating energy costs have affected the operating costs and financial performance."
Reports: Federal funding for Cliffs’ project could be slashed
Elon Musk's DOGE is determining which Department of Energy grants to advance and which ones to terminate, according to several media outlets
Trump still against selling USS to Japanese firm: Report
Despite ordering a new review of Nippon Steel’s bid for U.S. Steel, President Trump said he is still against selling USS to a Japanese company, according to media reports.
Algoma looks to sell more steel in Canada in wake of Trump’s tariffs
The Canadian steelmaker said its absorbing higher tariffs as it moves forward.
Ancora abandons plan to take over leadership of USS
Investment firm Ancora Holdings Group has halted its play for U.S. Steel's board, citing Nippon Steel’s proposed bid for USS “gaining momentum.”