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.
Materials
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.
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