“ArcelorMittal will build a modern steel plant in Calvert, Alabama, seeking to increase its production facilities to meet the demand of the US Automobile Sector.”, – WRITE: epravda.com.ua
ArcelorMittal will build a modern steel plant in Calvert, Alabama, seeking to increase its production facilities to meet the demand of the US Automobile Sector. Reuters writes about it. The second largest steel manufacturer in the world stated that the plant will be able to supply up to 150 thousand tons of electrical steel premium, which is used mainly in the production of large cars, full-size pickups and SUVs annually. The company has stated that demand for complex types of electrical steel in the US is increasing, while internal supplies are limited, which should support premium prices for electrical steel produced at a new plant. Advertising: the cost of construction of the plant is estimated at $ 0.9 billion and production start It is expected in the second half of 2027, reported in ArcelorMittal. According to Wards Intelligence, in 2024, sales of new cars in the United States increased to five -year maximum thanks to hybrid models. Recall: Advertising: ArcelorMittal steel company delayed a decision on investment in more environmental production facilities, noting the lack of a clear European Union policy in this area, as well as favorable market conditions.