ArcelorMittal, Nippon Steel buy ThyssenKrupp US factory
Steel manufacturing giant ArcelorMittal and Nippon Steel & Sumimoto Metal said in a statement they agreed to buy a US steel plant owned by German firm ThyssenKrupp for $1.55 billion.
(AFP) Steel manufacturing giant ArcelorMittal and Nippon Steel & Sumimoto Metal said in a statement they agreed to buy a US steel plant owned by German firm ThyssenKrupp for $1.55 billion.
The agreement is for a 50-50 joint venture partnership between the Luxembourg-based ArcelorMittal and Japanese titan Nippon Steel, the former company said in a statement Friday.
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