Steel giant ArcelorMittal is investing $1.2 billion to build an Alabama mill slated to produce advanced steel by 2027 for hybrid and electric vehicle motors to feed into the U.S. supply chain.

The new facility will produce up to 150,000 metric tons of non-grain-oriented electrical steel (NOES) annually, that will be ...

CFO Genuino Christino reported 2024 EBITDA of $7.1 billion and a $2.3 billion adjusted net income. He noted a 6% return on capital employed, framing the results as commendable given the challenging ...

An international steel producer is planning a $1.2 billion manufacturing facility for Alabama. The project from ArcelorMittal ...

The facility aims to boost U.S. steel independence as the Trump administration announces tariffs on the commodity.

ArcelorMittal reported a Q4 loss of USD 390 mn, down from USD 2,966 mn in 2023. Crude steel production rose to 14 MT in Q4, ...

Although ArcelorMittal announced it will close its long steel business at the end of January, it will now see if it can find ...

MT's $1.2 billion project aims to reduce U.S. dependency on electrical steel imports through the expansion of domestic NOES ...

ArcelorMittal SA (MT) reports robust financial performance with significant investments in growth and decarbonization, ...

ArcelorMittal, an European-based steel manufacturer, announced Thursday it will invest $1.2 billion into a Mobile County ...