AM/NS Breaks Ground On $775-Million Calvert Facility

AM/NS Calvert commemorated the groundbreaking of its $775-million steelmaking facility expansion to include an electric arc furnace on February 16. Joint venture partners ArcelorMittal and Nippon Steel Corp. (AM/NS) said the planned facility will be capable of producing 1.5 Mt of steel slabs for its hot strip mill and a broad spectrum of steel grades required for Calvert’s end-user markets. It is anticipated to create 200 direct and 100 indirect local jobs. Jorge Oliveria, AM/NS Calvert CEO, commented, “While the team at AM/NS Calvert would prefer thanking each of our supporters who were critical to the approval of this project in person, we look forward to celebrating this achievement when the new facility comes online in [the first half of fiscal year] 2023. We certainly could not have gained approvals for this investment without the support of our government and community stakeholders.” Construction is expected to take 24 months.