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ArcelorMittal and NSSMC acquire ThyssenKrupp Steel USA for $1.55 billion · Endata

◂ Announcements

Apr 9, 2020ACQUISITIONCalvert, Alabama, United States

ArcelorMittal and NSSMC acquire ThyssenKrupp Steel USA for $1.55 billion

ArcelorMittal and Nippon Steel & Sumitomo Metal Corporation formed a 50/50 joint venture to acquire ThyssenKrupp Steel USA, a steel processing plant in Calvert, Alabama, for US$1,550 million. The plant has a total capacity of 5.3 million tonnes.

Value

$1.55B

Status

Announced

Capacity

5.3 million tonnes per year

Productshot rolled steelcold rolled steelcoated steelfinished steel

CompaniesArcelorMittal acquirer Thyssenkrupp target Nippon Steel & Sumitomo Metal acquirer ThyssenKrupp Steel USA target

Sectors#Steel and Metal Products #Automotive Components

“ArcelorMittal today announces that it has entered into a 50/50 joint venture partnership with Nippon Steel & Sumitomo Metal Corporation to acquire 100% of ThyssenKrupp Steel USA.”manufacturing-journal.net

1 source
manufacturing-journal.netArcelorMittal acquires ThyssenKrupp Steel USA with Nippon Steel & Sumitomo Metal Corporation for US$1,550 millionSuper UserApr 9, 2020

Summarized from public sources; check the original articles before acting on it.

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