Steel Mills
May 7, 2021
AMNS Calvert a Bright Spot for ArcelorMittal in North America
Written by Sandy Williams
ArcelorMittal’s joint venture AMNS Calvert ran at near capacity in the first quarter of 2021, delivering record first-quarter results. Hot strip mill production jumped 19.3% to 1.3 million metric tons from the fourth quarter. EBITDA nearly tripled to $159 million from $56 million in the prior quarter.
The mill is currently supplied with slab sourced internally from Mexico and Brazil and supplemented by third-party purchases. Construction of a 1.5 million MT electric-arc furnace and caster will be completed in the first half of 2023, which will secure a reliable and USMCA-compliant slab supply for Calvert, the company said. The project is estimated at $775 million.
