ArcelorMittal to buy Nippon Steel's 50% stake in Calvert joint venture for $1

As part of the Nippon Steel-US Steel deal, ArcelorMittal will acquire Nippon Steel's 50% stake in the Calvert joint venture in Alabama for $1, with Nippon Steel injecting cash and forgiving loans totaling about $900 million.

“We believe the deal is very favourable for ArcelorMittal as it acquires the remaining 50% of a mill considered the most advanced in the finishing segment in North America.”thecorner.eu

• 5 sources
• thecorner.euNippon Steel-US Steel agreement to allow ArcelorMittal to buy 50% of Nippon Steel-owned Calvert for $1.00 | The CornerPosted By: The CornerMay 29, 2025
• steelorbis.comArcelorMittal assumes full control of AMNS Calvert, strengthens position in North AmericaElif KefeliJun 19, 2025
• mysteel.netArcelorMittal gains all Nippon Steel's shares in Alabama JV for $1 | MysteelJun 20, 2025
• otcmarkets.comArcelorMittal (Form: 6-K, Received: 06/23/2025 06:45:06)Jun 20, 2025
• seaisi.orgNippon Steel, ArcelorMittal and others: major mergers and acquisitions in the steel industry | SEAISIJul 2, 2025

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