ArcelorMittal, Nippon Steel to build new electric arc furnace in U.S.

Date Published12/21/2020
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name AM/NS Calvert
Parent companyArcelorMittal
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2020
Year reshoring implemented or to be implemented:2023
Domestically, the work will be done:In-house
Capital investment ($):775
Country(ies) from which reshored:Luxembourg
City reshored to:Calvert
State(s) reshored to:AL
If relevant, work nearshored to:-
Industry(ies):Fabricated Metal Products, automotive
Product(s) reshoredhot-rolled, cold-rolled, coated steel sheets, slab
What domestic positive factors made reshoring more attractive?Higher productivity, Lead time/Time to market
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