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Nippon Steel and ArcelorMittal executed a definitive agreement to build an electric arc furnace at AM/NS Calvert in Calvert, Alabama, with an investment of approximately $775 million and capacity of 1.5 million metric tons per year, scheduled to start operation in the first half of 2023.
“With the newly-built EAF, Calvert will be able to manufacture by itself part of slabs necessary to produce its steel sheet products.”nipponsteel.com
Summarized from public sources; check the original articles before acting on it.