Arcelormittal Now Arcelormittal Calvert After Acquisition

ArcelorMittal has finalized its acquisition of Nippon Steel’s 50% joint venture stake in AM/NS Calvert (now renamed ArcelorMittal Calvert) in Alabama. This world-class facility, originally built in 2010 with a 5.3 million tonne flat‑rolled steel capacity, has benefited from over $2 billion in capital investments to enhance its advanced‑high‑strength steel, line‑pipe, stainless, and coating capabilities. The overhaul also includes a newly commissioned low‑CO₂ EAF steelmaking line capable of producing 1.5 million tonnes annually, and a new 7‑year domestic slab supply agreement averaging 750,000 tonnes per year.

Looking forward, ArcelorMittal is investing an additional $1.2 billion to construct a non‑grain‑oriented electrical steel (NOES) facility at Calvert, targeting 150,000 tonnes annual production by 2027 to support EV and renewable energy sectors. The deal, which added approximately $1.3 billion in net debt, is expected to deliver a one-time gain of roughly $1.5 billion to Q2 2025 earnings as ArcelorMittal consolidates full ownership and control of this strategic U.S. asset.

Read more on the Arcelormittal Calvert website.