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
- Brazil producers look to halt pig iron output as US tariff threat crimps demand
- Trump's 50% Tariff Hike on Brazil Also Unsustainable for the U.S.
- US tariffs pose threat to Brazil’s mining, steel
- Brazil's Drop In Key Exports To The United States: What Happened And Why It Matters
- Brazil: Iron ore exports rise 10% y-o-y in Jun'25
- Overview of China's aluminium production in June 2025 and forecast for July
- ‘Nail in a coffin’: Trump’s steel, aluminum tariffs bleed Indian foundries
- India’s Hindalco to acquire US alumina maker AluChem
- See all News
