May 2, 2024 - ArcelorMittal’s recent announcement regarding its planned investment in a new electrical steel Non-Grain-Oriented Electrical Steel (NOES) production facility in Calvert, Alabama.

ArcelorMittal’s Calvert project aims to establish a state-of-the-art facility dedicated to the production of 150,000 metric tons of NOES annually. This initiative is supported by the U.S. Department of Energy (DOE) and the Internal Revenue Service (IRS) through the 48C investment tax credit program, which awarded ArcelorMittal  $280.5 million in investment tax credits acknowledging the critical role of NOES in clean energy technologies.

The planned facility will encompass annealing pickling line, cold-rolling mill, annealing coating line, packaging and slitter line, ancillary equipment. This project has the potential to create up to 260 permanent jobs and 1300 construction jobs.

This investment strengthens ArcelorMittal’s position as a leading supplier of electrical steel in the U.S., catering to the needs of domestic electric vehicle manufacturers.