High Natural-Gas Prices Push European Manufacturers to Shift to the U.S.

SourceWall Street Journal
Date Published09/21/2022
Author NameDave Uberti
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

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) reshoredhot 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
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