U.S. Department of Energy announces financial support for ArcelorMittal's anticipated World-Class Electrical Steel facility in Alabama [Yahoo! Finance]
Arcelor Mittal NY Registry Shares NEW (MT)
Last arcelor mittal ny registry shares new earnings: 2/6 01:00 am
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Source: Yahoo! Finance
facility in Calvert, Alabama that could deliver 150,000 metric tons (Mt) of domestic production capacity of non-grain-oriented electrical steel (NOES) annually. The U.S. Department of Energy (DOE) defined electrical steel as a critical material for energy as part of its 2023 Critical Materials Assessment. In support of this clean energy project, ArcelorMittal Calvert has been awarded $280.5 million in investment tax credits from the U.S. Internal Revenue Service (IRS) as part of the Qualifying Advanced Energy Project Credit (48C) program, funded by the Inflation Reduction Act of 2022 (IRA). The 48C program, which provides a tax credit of up to 30% for investments in advanced energy projects, is designed to support secure and resilient domestic clean energy supply chains. NOES plays a crucial role in the performance and efficiency of electric motors used to power battery electric vehicles, plug in hybrid electric vehicles and hybrid vehicles. The domestic capacity of high-end NOES
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News
- Asia-Pacific Steel Processing Market Outlook, 2024-2029: Automotive Industry Expansion, Manufacturing Growth Spurs Sector [Yahoo! Finance]Yahoo! Finance
- ArcelorMittal S.A.: ArcelorMittal reports first quarter 2024 resultsGlobeNewswire
- Steel Processing Market Forecast to Surpass $750 Billion by 2029: Global Industry Analysis and Outlook Featuring Key Players ArcelorMittal, Tata Steel, Gerdau, Sandvik, and Nippon Steel Corporation [Yahoo! Finance]Yahoo! Finance
- ArcelorMittal announces results of its General MeetingGlobeNewswire
- ArcelorMittal S.A.: ArcelorMittal announces the publication of its first quarter 2024 sell-side analyst consensus figuresGlobeNewswire
MT
Earnings
- 5/2/24 - Beat
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Sec Filings
- 5/2/24 - Form 6-K
- 4/29/24 - Form 6-K
- 4/23/24 - Form 6-K
- MT's page on the SEC website