News
ArcelorMittal, Nippon Steel Acquire Essar Steel
Tweet
ArcelorMittal completed the acquisition of Essar Steel India Ltd. (ESIL) and simultaneously established a joint venture with Nippon Steel Corp. called ArcelorMittal Nippon Steel India Ltd. (AM/NS India), which will own and operate ESIL. ArcelorMittal holds 60% of AM/NS India with Nippon Steel holding the balance. AM/NS India is an integrated flat-steel producer, including steel plates and steel pipes, with a current level of crude steel production of 7.5 million metric tons per year. It also has iron-ore pellet facilities in eastern India, with current annual capacity of 14 million metric tons.
AM/NS India plans to increase finished steel shipments to 8.5 million metric tons per year over the medium-term. A long-term aspiration is to increase finished steel shipments to between 12 and 15 million metric tons per year through the addition of new iron and steelmaking assets.
Source: Industrial Heating
Tweet
Related News
- Stay Ahead in Nonferrous and Lightweight. Follow Diecasting & Nonferrous China 2026
- European Foundry Industry in Transition – New Opportunities Through the Defense Sector
- Global pig iron production fell by 4.4% y/y in October
- India sharply increased iron ore imports by more than 200% y/y in January-October
- EU plans to limit exports of aluminium scrap
- Calderys Group celebrates 160 years of innovation and industrial excellence
- Foundries in Transition: Why Humanoid Robots Are Now in Demand
- Iron ore exports from Brazil increased by 5.7% y/y in January-October
- See all News
