ArcelorMittal Calvert, wholly owned by ArcelorMittal, is planning to construct an advanced manufacturing facility in Calvert, Alabama, that could deliver 150kt of domestic production capacity of non-grain-oriented electrical steel (NOES) annually.

In support of this clean energy project, ArcelorMittal Calvert has been awarded $280.5 million in investment tax credits from the US Internal Revenue Service (IRS) as part of the Qualifying Advanced Energy Project Credit (48C) program, funded by the Inflation Reduction Act of 2022 (IRA). The 48C program, which provides a tax credit of up to 30% for investments in advanced energy projects, is designed to support secure and resilient domestic clean energy supply chains.

''Expanding US NOES production will support the goal of having 50% of all new vehicle sales be electric by 2030."

John Brett, CEO, ArcelorMittal North America

"We are extremely pleased to be selected by the IRS and DOE as a recipient of the 48C investment tax credits to produce electrical steels that will help our customers – particularly automotive OEMs -- in their electrification journey, and to help reduce CO2 emissions in the environment. Expanding US NOES production will support the goal of having 50% of all new vehicle sales be electric by 2030," said John Brett, CEO, ArcelorMittal North America.

"The planned facility aims to significantly reduce the US's dependency on NOES imports.''

Peter LeBlanc, CMO, ArcelorMittal North America

"The planned facility aims to significantly reduce the US's dependency on NOES imports," added Peter LeBlanc, CMO, ArcelorMittal North America. "This strategic domestic production would ensure that US industries aren't susceptible to overseas supply chain disruptions. It also underlines our commitment to be the technology leader for our customers by providing the most demanding e-motors products for the US and other OEMs."

Plans at ArcelorMittal Calvert include an annealing pickling line, cold-rolling mill, annealing coating line, packaging and slitter line, and ancillary equipment needed for operations. The planned investment could create up to 260 permanent jobs and 1300 construction jobs during the project.

The NOES facility would be sited near ArcelorMittal's existing joint venture. AM/NS Calvert includes a river terminal, hot strip mill, cold rolling mill, hot dip galvanizing lines, rail yard, and supporting infrastructure.