ArcelorMittal and Nippon Steel Team Up on Alabama EAF
Steel manufacturers ArcelorMittal, based in Luxembourg City, and Nippon Steel Corp., headquartered in Tokyo, have signed a 50/50 joint-venture agreement to build an electric-arc furnace at their plant, AM/NS Calvert, in Calvert, Ala. The project will cost $775 million and will allow the plant to produce 1.5 million mt of steel slabs, ArcelorMittal says. Construction…