TOKYO -- A joint venture between Nippon Steel and ArcelorMittal will spend roughly 140 billion yen ($1.1 billion) to build advanced steel processing lines in India, with the potential for expanding capacity further to tap the country's growing demand for steel.
Materials
Nippon Steel eyes $1.1bn expansion for automotive steel in India
Joint venture with ArcelorMittal to start advanced production lines in 2024
AM/NS India is expected to be able to meet the the country's growing demand for cold-rolled and galvanized steel with the expansion.
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