News
15 October 2024

Nippon Steel to sell Calvert JV to ArcelorMittal if US Steel deal completed

In:
Metals and Mining
Region:
Americas

Nippon Steel will sell its entire 50% stake in a JV steel plant it has in Calvert, Alabama, with ArcelorMittal if the top Japanese steelmaker succeeds in a buyout bid for United States Steel.The world's fourth-largest steelmaker believes the move is needed to clear antitrust concerns and would...

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