# ArcelorMittal to buy Nippon Steel's 50% stake in Calvert joint venture for $1

As part of the Nippon Steel-US Steel deal, ArcelorMittal will acquire Nippon Steel's 50% stake in the Calvert joint venture in Alabama for $1, with Nippon Steel injecting cash and forgiving loans totaling about $900 million.

- Type: Acquisition
- Announced: 2025-05-29
- Where: Calvert, Alabama, United States
- Value: $3.00B
- Status: announced
- Capacity: 5.3 million tonnes hot rolling, 1.5 million tonnes EAF
- Products: steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ArcelorMittal](https://endata.com/companies/292.md) (acquirer)
- [Nippon Steel](https://endata.com/companies/7455.md) (target)

## Sources

- [thecorner.eu](https://thecorner.eu/news-the-world/nippon-steel-us-steel-agreement-to-allow-arcelormittal-to-buy-50-of-nippon-steel-owned-calvert-for-1-00/120514/), 2025-05-29: "We believe the deal is very favourable for ArcelorMittal as it acquires the remaining 50% of a mill considered the most advanced in the finishing segment in North America."
- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/arcelormittal-assumes-full-control-of-amns-calvert-strengthens-position-in-north-america-1396601.htm), 2025-06-19: "ArcelorMittal has announced that it has become the sole shareholder of US-based AMNS Calvert and that has rebranded it as ArcelorMittal Calvert, having completed the acquisition of Japanese steelmaker Nippon Steel’s 50 percent equity in the company."
- [mysteel.net](https://www.mysteel.net/news/5089896-arcelormittal-gains-all-nippon-steels-shares-in-alabama-jv-for-1), 2025-06-20: "ArcelorMittal paid $1 'consideration' for the shares while Nippon Steel expects to record an approximate Yen 230 billion ($1.59 billion) loss in its consolidated financial statements once the share transfer is complete."
- [otcmarkets.com](https://www.otcmarkets.com/filing/html?guid=1Nb-keTzDwBTwch&id=18563037), 2025-06-20: "ArcelorMittal completes the acquisition of Nippon Steel Corporation’s interest in AM/NS Calvert"
- [seaisi.org](https://www.seaisi.org/details/26828?type=news-rooms), 2025-07-02: "ArcelorMittal not only bought out Nippon Steel's stake in the AM/NS Calvert joint venture, making it entirely its own asset, but also announced large-scale investments in the modernization of facilities in Alabama."

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