LUXEMBOURG—ArcelorMittal is investing 13 million euros to upgrade its plant in Saint Chély d’Apcher, France, that specializes in producing electrical steels for the European auto industry. The goal is to boost capacity of the company’s cutting-edge non grain-oriented iCARe electrical steel grades to meet the  booming electromobility market.

The steel is used in electric traction motors. According to ArcelorMittal, iCARe offers high strength, low losses and high polarization that enable manufacturers to mass-produce compact, lightweight, efficient and power-dense e-motors with unmatched range.