Company: MT
Filing Date: 2025-08-01
Form Type: 6-K
Source: 0001243429-25-000067
Chunk: 33

Company: ArcelorMittal
Filing Date: 2025-08-01
Form: 6-K
Chunk 33
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 under study.

c. ArcelorMittal Calvert is investing in a new 1.5 million tonnes EAF and caster. The facility is currently in the hot commissioning phase with the first heat produced on June 14, 2025. The new EAF project with investment over $1 billion, integrated with ArcelorMittal’s HBI facility in Texas, will enable Calvert to supply automotive customers with lower CO 2 embodied steel, melted and poured in the U.S. The new EAF has a strong product mix of advanced steel grades, including Exposed, Dual Phase (DP), Multiphase (MP), Third Generation (Gen-3) steels and Press Hardened Steels ("PHS") namely Usibor®. Option to add a further 1.5 million tonnes EAF at lower capital expenditure intensity is being studied.

d. The Serra Azul project's current investment forecast is approximately $0.5 billion. The DRI quality pellet feed is expected to primarily supply ArcelorMittal Mexico steel operations. All erection activities are planned to be finished by the end of July 2025. Hot commissioning has been completed in the dry area and is ongoing in remaining sections of the plant. Project completion is expected in the second half of 2025.

e. Approximately $0.3 billion investment in the Barra Mansa (Brazil) sections mill aims to expand domestic market share and profitability with higher added value ("HAV") products like merchant and special bars. Main civil works for the new section mill have been completed, with remaining peripheral civil works nearing completion. Equipment erection is in progress. Project completion is expected in the second half of 2025.

f. ArcelorMittal, with French government support, is establishing a new electrical steels production unit at Mardyck, complementing its Saint-Chély d’Apcher plant. The $0.5 billion investment will be completed in two phases: commissioning and ramp-up of the ACL, followed by APL and REV. Due to the brownfield nature of this project, unforeseen challenges in civil works have caused delays in the ACL part, now expected to be commissioned in the second half of 2025 (previously scheduled for the first half of 2025). The APL and REV have been rescheduled to be commissioned in the second half of 2026 (previously scheduled for the second half of 2025), to perform additional studies to define the extent of the works.

g.