ArcelorMittal to Build $1.2 Billion Alabama EV Steel Mill

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Luxembourg-based steel giant ArcelorMittal is investing $1.2 billion to build an Alabama mill slated to produce advanced steel by 2027 for hybrid and electric vehicle motors to feed into the U.S. supply chain.

“We recognize the importance of creating a resilient, sustainable domestic supply chain for this critical material,” said John Brett, CEO of ArcelorMittal North America.

This project was in the works before Feb. 10, when President Donald Trump signed proclamations reinstating a 25% tariff on imported steel. The new tariff on steel and aluminum is in response to unfair trade practices and foreign countries “flooding the U.S. market with cheap steel and aluminum, often subsidized by their governments,” the White House said.

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