ArcelorMittal Calvert, wholly owned by ArcelorMittal, is planning for an advanced manufacturing facility in Calvert, Alabama that could deliver 150,000 metric tons (Mt) of domestic production capacity of non-grain-oriented electrical steel (NOES) annually. The US Department of Energy (DOE) defined electrical steel as a critical material for energy as part of its 2023 Critical Materials Assessment.

In support of this clean energy project, ArcelorMittal Calvert has been awarded $280.5 million in investment tax credits from the US Internal Revenue Service (IRS) as part of the Qualifying Advanced Energy Project Credit (48C) program, funded by the Inflation Reduction Act of 2022 (IRA). The 48C program, which provides a tax credit of up to 30% for investments in advanced energy projects, is designed to support secure and resilient domestic clean energy supply chains.

NOES plays a crucial role in the performance and efficiency of electric motors used to power battery electric vehicles, plug in hybrid electric vehicles and hybrid vehicles. The domestic capacity of high-end NOES is inadequate to meet the projected growth of electrified vehicles.

Plans at ArcelorMittal Calvert include an annealing pickling line, cold-rolling mill, annealing coating line, packaging and slitter line, and ancillary equipment needed for operations. The planned investment could create up to 260 permanent jobs and 1300 construction jobs during the project.

The NOES facility would be sited near ArcelorMittal’s existing joint venture. AM/NS Calvert is a steel mill which includes a river terminal, hot strip mill, cold rolling mill, hot dip galvanizing lines, rail yard, and supporting infrastructure. Construction of a new Electric Arc Furnace is underway.