ArcelorMittal and Steel Authority of India board approves $1 billion joint venture

The board of Steel Authority of India approved a proposal to form a $1 billion joint venture with ArcelorMittal, the world's biggest steelmaker, to gain access to the Indian market.

“ArcelorMittal, the world's biggest steelmaker, is inching closer to gaining a foothold in India as state-owned Steel Authority of India's board approved a long-pending plan to form a joint venture with the company.”asia.nikkei.com

• 1 source
• asia.nikkei.comArcelorMittal set to form venture with Steel Authority in bid to gain India access - Nikkei AsiaDec 14, 2017

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