Mobile steel mill to get $500 million electric arc furnace expansion

URLhttps://www.al.com/business/2020/08/mobile-steel-m
SourceAL.com
Date Published08/12/2020
Author NameWilliam Thornton
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Arcelor Mittal U.S.A.
Parent companyArcelorMittal
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):200
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2022
Domestically, the work will be done:In-house
Capital investment ($):500
Country(ies) from which reshored:Luxembourg
City reshored to:Mobile
State(s) reshored to:AL
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredsteel slabs
What domestic positive factors made reshoring more attractive?Customer responsiveness improvement, Impact on domestic economy, Proximity to customers/market
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