Steel Mills
May 10, 2014
ArcelorMittal Says Steel Remains the Material of Choice for Automotive
Written by Sandy Williams
The key highlight of first quarter was the Calvert acquisition, said ArcelorMittal CEO Lakshmi Mittal in the company’s first quarter earnings call.
ArcelorMittal’s 50 percent ownership of AM/NS Calvert gives AM the capacity needed to supply AHSS solutions for the auto industry in the US and Mexico. ArcelorMittal has been focusing on light weight steels and is developing a steel door that is close in weight to one made of aluminum but at a significantly lower cost.
