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    Home > Headlines > ArcelorMittal to build new steel plant in US to meet auto sector demand
    Headlines

    ArcelorMittal to build new steel plant in US to meet auto sector demand

    Published by Global Banking and Finance Review

    Posted on February 6, 2025

    2 min read

    Last updated: January 26, 2026

    ArcelorMittal plans to build a new steel manufacturing facility in Calvert, Alabama, to produce premium non-grain-oriented electrical steel for the US automotive market, boosting production capacity to meet rising demand.
    New advanced steel plant in Alabama by ArcelorMittal to support US automotive sector - Global Banking & Finance Review
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    Quick Summary

    ArcelorMittal will construct a new steel plant in Alabama to boost production for the US automotive sector, focusing on premium electrical steel.

    ArcelorMittal Announces New Steel Plant in Alabama for Auto Demand

    By Johan BODINIER and Anna Peverieri

    (Reuters) - ArcelorMittal said on Thursday that it would build an advanced steel manufacturing facility in Calvert, Alabama, as it seeks to increase its production capacity to meet demand from the U.S. automotive sector.

    The world's second largest steelmaker said the plant would be able to deliver up to 150 kilotons of premium non-grain-oriented electrical steel (NOES) annually, used primarily in the manufacturing of larger vehicles, full-size pickups and SUVs.

    The company said demand for sophisticated NOES in the U.S. was growing while domestic supplies were limited, which should support a premium pricing outlook for NOES produced at the new plant.

    The cost of building the plant is estimated at $0.9 billion, with an expected production start in the latter half of 2027, ArcelorMittal said.

    New car sales in the U.S. rose to a five-year high in 2024, helped by hybrid models, according to Wards Intelligence.

    Automakers are expecting the strong sales to continue into 2025, although President Donald Trump's proposed automotive policies, such as removing tax credits for electric vehicles, could present a wild card to the sector.

    (Reporting by Johan Bodinier and Anna Peverieri in Gdansk; editing by Milla Nissi)

    Key Takeaways

    • •ArcelorMittal to build a new steel plant in Alabama.
    • •The plant will produce 150 kilotons of NOES annually.
    • •Targeting the growing US automotive sector demand.
    • •Estimated cost of the plant is $0.9 billion.
    • •Production is expected to start in late 2027.

    Frequently Asked Questions about ArcelorMittal to build new steel plant in US to meet auto sector demand

    1What is the main topic?

    The article discusses ArcelorMittal's plan to build a new steel plant in Alabama to meet US automotive sector demand.

    2Why is ArcelorMittal building a new plant?

    To increase production capacity for premium electrical steel due to rising demand in the US automotive sector.

    3When will the new plant start production?

    The new steel plant is expected to begin production in the latter half of 2027.

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