Quantcast
Last updated on April 19, 2014 at 13:20 EDT

ArcelorMittal Moving Ahead With $27 Billion of Indian Steel Mills, an Industrial Info News Alert

October 8, 2008

Researched by Industrial Info Resources (Sugar Land, Texas) — ArcelorMittal (NYSE:MT) (Luxembourg) is in talks with the state government of Chhattisgarh to set up a 6 million-ton-per-year integrated steel mill. The company intends to invest about $3 billion in the project. Discussions are still in the initial stages, but when the project is complete, the company’s proposed steel production capacity from its units in India will reach 30 million tons per year within the next decade. Earlier this year, ArcelorMittal announced plans to invest $24 billion in two integrated steel plants in the states of Orissa and Jharkhand.

For details, view the entire article by subscribing to Industrial Info’s Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=139754, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to metalsandmineralsgroup@industrialinfo.com or visit us at www.industrialinfo.com.

Related News Articles

Vedanta Defers Restructuring Plan, but Continues $9.8 Billion Expansion

Reliance Infrastructure Plans $9 Billion Steel Plant in Jharkhand

Japanese Steelmakers Join to Bid for Stake in Brazil’s Namisa Iron Ore Mines

 Contact: Joe Govreau 713-783-5147  

SOURCE: Industrial Info Resources