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.
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ArcelorMittal to build $1.2bn steel plant in US to support auto sectorThe plant will produce NOES, which is essential for manufacturing larger vehicles such as full-size pickups and SUVs.
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