Company/Division name | ArcelorMittal |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2022 |
Domestically, the work will be done: | In-house |
Country(ies) from which reshored: | Germany |
State(s) reshored to: | TX |
If relevant, work nearshored to: | - |
Industry(ies): | Primary Metal Products (not including Foundries and Castings) |
Product(s) reshored | hot briquetted iron |
What non-domestic negative factors made offshoring less attractive? | Price, Supply chain interruption risk/Natural disaster risk/Political instability |
What domestic positive factors made reshoring more attractive? | U.S. price of natural gas/chemicals/electricity, US energy prices |