◂ Announcements

Jan 30, 2023INVESTMENTWoburn, Massachusetts, United States

ArcelorMittal invests $120 million in Boston Metal for green steel

ArcelorMittal invested $120 million in Boston Metal, a company developing green steel technology using renewable electricity. The funds will expand a pilot plant in Woburn, Massachusetts, and launch commercial production in Brazil.

Value

$120.0M

Status

Announced

Productsgreen steel

CompaniesBoston Metal ArcelorMittal investor

Sectors#Steel and Metal Products

“Boston Metal announced a $120 million investment from the world's second-largest steelmaker, ArcelorMittal.”indiatoday.in

1 source
indiatoday.inArcelorMittal invests $120 million in US company to make ‘green steel’ - India TodayAssociated PressJan 30, 2023

Summarized from public sources; check the original articles before acting on it.

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