UPDATE 3-Arcelor, Nippon Steel to double U.S. output-paper

Newswire

(Recasts first paragraph) TOKYO, March 26 (Reuters) - Arcelor Mittal and Nippon Steel Corp. have agreed to double automotive sheet capacity at their U.S. joint venture at an estimated cost of 30 billion yen ($254 million), the Nikkei business daily reported on Monday. L.N. Mittal and Akio Mimura, the heads of the world's No. 1 and No. 2 steelmakers, also agreed to expand their alliance in areas other than their U.S. venture at a meeting in New Delhi on Sunday, the paper said. The two ...

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