TOKYO -- Nippon Steel will add two blast furnaces at a joint venture with ArcelorMittal in India as part of a $7.4 billion expansion push and broader plans to more than triple output capacity in the country.
Materials
Nippon Steel to add 2 blast furnaces at Indian JV with ArcelorMittal
Additions part of $7bn expansion push with eye toward tripling capacity
Nippon Steel is trying to capture a heightened demand for steel in India expected to be fueled by a growing population and GDP. © Reuters
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