# AM/NS Calvert plans $750M electric arc furnace construction

Nippon Steel and ArcelorMittal agreed to jointly concentrate resources on AM/NS Calvert in Alabama, planning to construct an electric arc furnace and related facilities with capital expenditures of approximately $750 million.

- Type: Investment
- Announced: 2020-12-22
- Where: Calvert, Alabama, United States
- Value: $750.0M
- Status: announced
- Products: steel finishing
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [AM/NS Calvert](https://endata.com/companies/49131.md)
- [ArcelorMittal](https://endata.com/companies/292.md) (partner)
- [Nippon Steel](https://endata.com/companies/7455.md) (partner)

## Sources

- [sullcrom.com](https://www.sullcrom.com/About/News-and-Events/Highlights/2020/December/SC-Advises-Nippon-Steel-on-Joint-Ventures-with-ArcelorMittal), 2020-12-22: "NSC and ArcelorMittal have agreed to jointly concentrate their resources on another joint venture in Alabama to operate one of the world’s most advanced steel finishing facilities."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.