AM/NS India to invest $5B to boost steel capacity at Hazira plant

ArcelorMittal Nippon Steel India (AM/NS) will invest 410 billion rupees ($5 billion) to build two blast furnaces at its Hazira plant in Gujarat, India, aiming to boost crude steel output capacity by 30 million tonnes per year by 2030.

“An Indian joint venture of ArcelorMittal and Nippon Steel will invest 410 billion rupees ($5 billion) to boost crude steel output capacity.”reuters.com

• 1 source
• reuters.comNippon Steel says India JV with ArcelorMittal to spend $5 bln to boost capacity | ReutersYuka ObayashiSep 28, 2022

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