Steel Mills
December 17, 2019
ArcelorMittal, Nippon Steel Form Joint Venture AM/NS India
Written by Sandy Williams
ArcelorMittal and Nippon Steel have completed their acquisition of Essar Steel Limited. The new joint venture will be called ArcelorMittal Nippon Steel India Limited (AM/NS India). ArcelorMittal will hold a 60 percent share of the new entity and Nippon 40 percent.
Aditya Mittal, President and CFO of ArcelorMittal, has been appointed Chairman of AM/NS India, and Dilip Oommen has been appointed AM/NS India’s CEO.
