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Nippon Steel and ArcelorMittal plot Indian expansion blitz

Former Essar to double capacity by 2030s as demand swells nationally

Nippon Steel and ArcelorMittal are expected to invest in a major expansion of AM/NS India's main Hazira steelworks in the state of Gujarat.

TOKYO -- Nippon Steel and ArcelorMittal will more than double the steel production capacity of their Indian subsidiary to 23 million tons a year by the 2030s, looking to expand their foothold in a promising market.

The expansion plan, involving fresh investments and acquisitions, far outstrips an increase to between 12 million tons and 15 million tons that the two steelmakers cited when they acquired Essar Steel India late last year. The company, since renamed AM/NS India, currently can produce about 9.6 million tons of steel products a year.

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