ThyssenKrupp

ArcelorMittal and Nippon Steel pay $1.55 billion for ThyssenKrupp's Calvert factory

ArcelorMittal and Nippon Steel pay $1.55 billion for ThyssenKrupp's Calvert factory Steel giant ArcelorMittal and Nippon Steel & Sumimoto Metal have settled to buy a US steel plant which is owned by Germany's ThyssenKrupp for $1.55 billion.

The ThyssenKrupp plant is located in Calvert, in the southern US state of Alabama. It has a total capacity of 5.3 million tonnes of steel intended mainly for auto manufacturing and construction.

ArcelorMittal Still Shows Interest In ThyssenKrupp's Alabama Plant

ArcelorMittal Still Shows Interest In ThyssenKrupp's Alabama Plant The world's largest steel mogul, ArcelorMittal (ISPA. AS), has shown interest in the steel rolling mill in Alabama that ThyssenKrupp (TKAG. DE) is seeking to sell.

ThyssenKrupp AG has decided to sell off its plans its unprofitable American steel operations, and it is considering  expanding in Brazil and exiting the U. S entirely.