ArcelorMittal & Nippon Steel to buy US steel plant
The world's two biggest steelmakers Luxembourg-based ArcelorMittal and Nippon Steel & Sumitomo Metal are close to a $2 billion deal to buy a US steel plant from a German company, a report said Wednesday.
(AFP) The world's two biggest steelmakers Luxembourg-based ArcelorMittal and Nippon Steel & Sumitomo Metal are close to a $2 billion deal to buy a US steel plant from a German company, a report said Wednesday.
Nippon Steel and ArcelorMittal have reached a basic accord with ThyssenKrupp on the deal worth nearly 200 billion yen ($1.97 billion), the Nikkei economic daily said, without naming its sources.
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