Dec. 22, 2020
Nippon Steel Corporation
On December 22, Nippon Steel Corporation (“NSC”) and ArcelorMittal
S.A.(Head Office: Luxembourg, “AM”) executed a definitive agreement to newly build an electric
arc furnace (“EAF”) at AM/NS Calvert, LLC (Partnership Interest: NSC50%, AM50%, Head Office:
United States, “Calvert”), a joint venture between NSC and AM.
The EAF is scheduled to start its operation in the first half of 2023. Calvert currently produces steel
sheet products by processing semi-finished products (slabs) procured from domestic and overseas
suppliers. With the newly-built EAF, Calvert will be able to manufacture by itself part of slabs
necessary to produce its steel sheet products and will strive for further strengthening its
competitiveness through advantages of the self-manufacture, such as shortening lead time in slab
procurement, improving its productivity through utilization of self-manufactured high temperature slabs,
and increasing the domestic procurement ratio of slabs. In addition, the EAF will produce slabs for
automotive flat products, including Gen3 advanced high-tensile steel sheets (980Mpa and
above).
NSC intends to concentrate its resources on Calvert, which has one of the most distinguished equipment
capabilities in the United States, and to further strengthen its supply capability of full range of
products including the state-of –the –art steel products in the North America.
Outline of EAF
Outline of AM/NS Calvert
