AM/NS Calvert to Start Construction of EAF Steel Meltshop

AM/NS Calvert to Start Construction of EAF Steel Meltshop

ArcelorMittal could start a steelmaking capacity expansion project at its AM/NS Calvert facility in Alabama to supply own slabs to an existing hot strip mill.

ArcelorMittal President and CFO Mr Aditya Mittal during an earnings call said “On the EAF project in terms of costs and timeline, I think we’re moving quickly. We hope to break ground in the near term and we should have positive news to report to you in February 2021 results. We’re also providing Nippon Steel the opportunity to participate. And it is at their election.”

ArcelorMittal had announced its intention to build an Electric Arc Furnace steel making facility at AM/NS Calvert in August 2020. Once completed, the planned facility will be capable of producing 1.5 million tons 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

AM/NS Calvert, an Alabama-based producer of flat-rolled steel, is a joint venture of ArcelorMittal and Nippon Steel. AM/NS Calvert was originally built by ThyssenKrupp, with a total investment cost of around USD 4billion and was acquired by ArcelorMittal and NSC as a 50:50 JV in 2014. The JV has already invested more than USD 200 million in strategic projects invested in Calvert since its acquisition. Apart from a hot strip mill, the unit operates 2.5 million tons per year cold-rolling mill and three HDG lines of 1.5 million tons per year

No stories found.
SteelGuru Business News
www.steelguru.com