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ArcelorMittal to Build Advanced NOES Manufacturing Facility
MTArcelorMittal(MT) ZACKS·2025-02-10 14:15

Core Viewpoint - ArcelorMittal S.A. is advancing plans to establish a non-grain-oriented electrical steel manufacturing facility in Alabama, aiming to enhance domestic production and reduce reliance on imports [1][2]. Group 1: Project Overview - The new facility will have an annual production capacity of up to 150,000 metric tons of non-grain-oriented electrical steel, with a total investment of $1.2 billion [1]. - The project is expected to support critical industries such as electric vehicles and energy-efficient technologies, while also creating high-quality jobs in Alabama [2]. Group 2: Economic Impact - Construction is anticipated to begin in the second half of 2025, creating up to 1,300 jobs, with over 200 permanent positions for plant operations [3]. - The facility will help meet the increasing demand for high-quality electrical steels and provide a steady domestic supply, addressing supply-chain challenges [3]. Group 3: Additional Infrastructure - The ArcelorMittal Calvert plant will include various specialized manufacturing operations such as an annealing pickling line, cold-rolling mill, and packaging and slitter line [4].