22
Apr
18:03
ArcelorMittal wins aid to produce NOES at Calvert
ArcelorMittal will add new production of non-grain-oriented electrical steel (NOES) at Calvert, Alabama, after winning federal aid for the project, Kallanish learns from a press release on the company’s website.
As part of a US Department of Energy (DOE) critical-materials program, the Internal Revenue Service (IRS) will provide ArcelorMittal with $280.5 million in tax credits for the Alabama expansion.
“We are extremely pleased to be selec…
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Very good overview of the weekly steel market.
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