China Oriental Group and ArcelorMittal plan joint ventures for steel and soft magnetic materials

China Oriental Group and ArcelorMittal entered into agreements to establish two joint ventures: an upstream joint venture for hot-rolled coil substrates and a downstream joint venture for new energy soft magnetic materials. Each company will hold 50% equity in each venture.

“China Oriental Group (00581) announced that on October 16, 2024, the company and its major shareholder, ArcelorMittal, entered into an upstream joint venture agreement and a downstream joint venture agreement.”news.futunn.com

• 1 source
• news.futunn.comChina Oriental Group (00581) plans to establish a joint venture with ArcelorMittal.Oct 16, 2024

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