TOKYO, March 26 (Reuters) - Arcelor Mittal and Nippon Steel Corp. plan to jointly invest about 30 billion yen ($254 million) to double capacity at their U.S. venture and to consider further expansion of their alliance, the Nikkei business daily reported on Monday. The paper said the world's No. 1 and No. 2 steelmakers, which own a 50-50 joint venture for automotive steel sheets in Indiana, plan to build a new plant to meet strong demand from Japanese automakers such as Toyota Motor Corp. ...
Premium Content (PAID Subscription Required)
"Arcelor Mittal, Nippon Steel to double U.S. output" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.