# 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.

- Type: Acquisition
- Announced: 2020-04-09
- Where: Calvert, Alabama, United States
- Value: $1.55B
- Status: announced
- Capacity: 5.3 million tonnes per year
- Products: hot rolled steel, cold rolled steel, coated steel, finished steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Automotive Components](https://endata.com/sectors/automotive-components.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)
- [ThyssenKrupp Steel USA](https://endata.com/companies/46461.md) (target)

## Sources

- [manufacturing-journal.net](https://www.manufacturing-journal.net/press-release/2109-arcelormittal-acquires-thyssenkrupp-steel-usa-with-nippon-steel-a-sumitomo-metal-corporation-for-us1550-million), 2020-04-09: "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."

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