Search
Email a friend
  • To include more than one recipient, please separate each email address with a semi-colon ';', to a maximum of 5

  • By submitting this article to a friend we reserve the right to contact them regarding AMM subscriptions. Please ensure you have their consent before giving us their details.


ArcelorMittal, NSSMC establish JV to purchase Essar Steel

Apr 09, 2018 | 11:30 AM | AMM's London staff, AMM staff


ArcelorMittal and Nippon Steel & Sumitomo Metal Corp (NSSMC) have entered into an agreement to acquire and manage Essar Steel India.

Essar Steel is an integrated steel mill with capacity for 10 million tonnes per year of steel production, with its main production base at the Hazira Steelworks in Gujarat, west India.

“NSSMC believes that by bringing together the strengths of both companies, NSSMC and ArcelorMittal will be able to successfully turn around Essar Steel and transform it into a competitive steel business,” the Japanese steelmaker said.



 

Latest Pricing Trends Year Over Year

Poll

How will US hot-rolled coil prices fare over the summer?

Rise sharply
Rise modestly
Stay largely flat
Fall modestly
Fall sharply


View previous results