# ArcelorMittal and Nippon Steel to buy ThyssenKrupp's Alabama steel plant

ArcelorMittal and Nippon Steel & Sumitomo Metal are close to a $2 billion deal to acquire ThyssenKrupp's automotive steel sheet plant in Alabama, with specifics to be announced in early December.

- Type: Acquisition
- Announced: 2017-12-11
- Where: Alabama, United States
- Value: $2.00B
- Status: rumored
- Products: automotive steel sheets
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ArcelorMittal](https://endata.com/companies/292.md) (acquirer)
- [Thyssenkrupp](https://endata.com/companies/833.md) (target)
- [Nippon Steel & Sumitomo Metal](https://endata.com/companies/21793.md) (acquirer)

## Sources

- [luxtimes.lu](https://www.luxtimes.lu/luxembourg/arcelormittal-nippon-steel-to-buy-us-steel-plant/1275689.html), 2017-12-11: "Nippon Steel and ArcelorMittal have reached a basic accord with ThyssenKrupp on the deal worth nearly 200 billion yen ($1.97 billion)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.