ArcelorMittal to move forward with construction of a new, world-class electrical steel facility in Alabama

URLhttps://corporate.arcelormittal.com/media/news-art
SourceArcelorMittal
Date Published02/06/2025

Additional Reshoring Information:

Company/Division name ArcelorMittal
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):200
Year reshoring announced:2025
Year reshoring implemented or to be implemented:2027
Domestically, the work will be done:In-house
Capital investment ($):1200
Country(ies) from which reshored:Luxembourg
State(s) reshored to:AL
If relevant, work nearshored to:-
Industry(ies):Castings/Foundries - Subset of Primary Metal Products, Primary Metal Products (not including Foundries and Castings)
Product(s) reshorednon-grain-oriented electrical steel (NOES)
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Government Incentives, Higher productivity, Lead time/Time to market, Proximity to customers/market
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