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Nippon Steel and ArcelorMittal agreed to jointly concentrate resources on AM/NS Calvert in Alabama, planning to construct an electric arc furnace and related facilities with capital expenditures of approximately $750 million.
“NSC and ArcelorMittal have agreed to jointly concentrate their resources on another joint venture in Alabama to operate one of the world’s most advanced steel finishing facilities.”sullcrom.com
Summarized from public sources; check the original articles before acting on it.