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Nippon Steel and ArcelorMittal executed a definitive agreement to build a 1.5 million metric ton/year electric arc furnace at their joint venture AM/NS Calvert in Calvert, Alabama. The investment is approximately $775 million, with operation scheduled to start in the first half of 2023.
“The EAF is scheduled to start its operation in the first half of 2023.”nipponsteel.com
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