Construction of the 1.5 million tonne capacity EAF, which will cost c. $775 million, will commence in 2021 and come onstream in the first half of 2023. The project will be funded by AM/NS Calvert.
Commenting, Brad Davey, CEO, ArcelorMittal North America, said:
“This is an important project for AM/NS Calvert which builds additional flexibility to its slab sourcing and will increase its responsiveness to short lead time orders. AM/NS Calvert is already one of the world’s finest steel finishing facilities. Adding this state-of-the-art EAF will further strengthen its capabilities and enhance its ability to serve its full range of customers.
“I am very pleased we will be undertaking this with Nippon Steel; it is a natural extension of our existing, successful partnership.”