ArcelorMittal Celebrates R&D

ArcelorMittal is on a mission to make sure that steel remains the material of choice for a modern world. The steelmaker invited state and local dignitaries, staff and members of the media to an open house on Wednesday to commemorate the 50^th anniversary of the ArcelorMittal Global Research and Development Center in East Chicago, Ind.

The research center is actually one of a dozen worldwide with combined spending of over $250 million per year. ArcelorMittal, the world’s largest steel producer, is a leader in the development of advanced high-strength steels for the automotive industry. The company claims it has introduced six new automotive grade steels in the past year alone, as they partner with automakers to reduce vehicle weight and improve fuel efficiency. Half the steels used in today’s vehicles are high-strength alloys that did not even exist 10 years ago.