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China Oriental Group and ArcelorMittal will jointly build two flat steel plants in China. The first plant will have a hot strip mill with 2.5 million mt annual HRC capacity, potentially expanding to 3.5 million mt. The second plant will produce 1.5 million mt of electrical sheets, potentially expanding to 1.8 million mt.
“Each of the joint ventures will be owned 50 percent by China Oriental Group and 50 percent by ArcelorMittal.”steelorbis.com
Summarized from public sources; check the original articles before acting on it.