# ArcelorMittal and Nippon Steel to buy ThyssenKrupp's Calvert steel plant for $1.55B

ArcelorMittal and Nippon Steel & Sumitomo Metal will jointly acquire ThyssenKrupp's TK Steel USA plant in Calvert, Alabama, for $1.55 billion, forming a 50/50 joint venture. The plant has a capacity of 5.3 million tonnes per year, serving automotive and construction sectors.

- Type: Acquisition
- Announced: 2019-05-08
- Where: Calvert, Alabama, United States
- Value: $1.55B
- Status: announced
- Capacity: 5.3 million tonnes per year
- Products: steel for automotive and construction
- 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

- [7sur7.be](https://www.7sur7.be/economie/arcelormittal-et-nippon-steel-rachetent-une-usine-americaine-de-thyssenkrupp~ae58dc58/), 2019-05-08: "Le géant de la sidérurgie ArcelorMittal va racheter, aux côtés de Nippon Steel & Sumimoto Metal, une usine de production d'acier pour l'automobile située aux Etats-Unis au conglomérat industriel allemand ThyssenKrupp pour 1,55 milliard de dollars."

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