Loading prices...

Register/Sign in
ScrapMonster
Are ads getting in your way? Register for Ad-free pages and live data.
Get an instant offer on your damaged car
Steel News March 31, 2023 12:50:51 PM

ArcelorMittal, Nippon Steel India JV Gets $5 Billion Loan to Expand Capacity

Paul Ploumis
ScrapMonster Author
The project, which started in October last year, will create more than 60,000 jobs and will also include downstream rolling and finishing facilities, ArcelorMittal said.
ArcelorMittal, Nippon Steel India JV Gets $5 Billion Loan to Expand Capacity

SEATTLE (Scrap Monster): ArcelorMittal said Friday that AMNS Luxembourg Holding SA, the parent company of its steelmaking joint venture with Nippon Steel Corp. in India, has entered into a $5 billion loan with a consortium of Japanese banks to expand production capacity.

ArcelorMittal said proceeds will be used to fund the expansion of the AM/NS India JV's annual steelmaking capacity at its Hazira plant in India to 15 million metric tons from 9 million tons.

The project, which started in October last year, will create more than 60,000 jobs and will also include downstream rolling and finishing facilities, ArcelorMittal said.

The company said the loan was cofinanced by Japan Bank for International Cooperation.

Courtesy: www.marketscreener.com

Are ads getting in your way? Register for Ad-free pages and live data.

How to Recycle

Proper Disposal of Alkaline Batteries

Proper Disposal of Alkaline Batteries

Improper disposal of alkaline batteries can result in various negative consequences. Explore our blog post to discover safe disposal methods.
Christmas Tree Recycling - Responsible Ways

Christmas Tree Recycling - Responsible Ways

Proper preparation and using a reliable Christmas tree recycling directory ensures responsible disposal and maximizes the benefits.
Stop Throwing Away LED Light Bulbs -- Do This Instead

Stop Throwing Away LED Light Bulbs -- Do This Instead

Stop throwing away LED light bulbs and dispose of them responsibly. Proper disposal ensures environmental safety and sustainability.
powered by RecyclingMonster
Are ads getting in your way? Register for Ad-free pages and live data.
×

Quick Search

Advanced Search