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    ArcelorMittal and Nippon Steel to build new electric arc furnace

    2020-12-22 14:38:17   [Print]
    Japan's Nippon Steel Corp and ArcelorMittal SA will spend $775 million to build an electric arc furnace at their U.Asian Metal Copyright With the new furnace, Calvert will be able to manufacture some of the slabs needed to produce its steel sheet products on its own, which would shorten lead time and improve productivity, Japan's biggest steelmaker said in a statement.Asian Metal CopyrightS.Asian Metal Copyright The new furnace will also produce slabs for automotive flat products, including advanced high-tensile steel sheets, it said.Asian Metal Copyright joint venture in Alabama, with a planned start date in the first half of 2023, Nippon Steel said on Tuesday.

    The new furnace, to be constructed at their 50-50 joint venture AM/NS Calvert, will have an annual capacity of 1.5 million metric tonnes and will produce hot-rolled, cold-rolled and coated steel sheets.

    Calvert currently produces steel sheet products by processing semi-finished products, or slabs, procured from local and overseas suppliers. With the new furnace, Calvert will be able to manufacture some of the slabs needed to produce its steel sheet products on its own, which would shorten lead time and improve productivity, Japan's biggest steelmaker said in a statement.Asian Metal Copyright assets to Cleveland-Cliffs Inc, the largest U.Asian Metal Copyright The new furnace will also produce slabs for automotive flat products, including advanced high-tensile steel sheets, it said.

    ArcelorMittal, the world's largest steelmaker, said in September it would sell most of its U.S.Asian Metal Copyright ArcelorMittal, the world's largest steelmaker, said in September it would sell most of its U.Asian Metal Copyright assets to Cleveland-Cliffs Inc, the largest U.Asian Metal Copyright The new furnace, to be constructed at their 50-50 joint venture AMNS Calvert, will have an annual capacity of 1.Asian Metal CopyrightS. producer of iron ore pellets, but it kept AM/NS Calvert.

    .Asian Metal Copyright With the new furnace, Calvert will be able to manufacture some of the slabs needed to produce its steel sheet products on its own, which would shorten lead time and improve productivity, Japan's biggest steelmaker said in a statementAsian Metal Copyright
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