ArcelorMittal Bets on Auto Steel Redemption

The fortunes of steelmaking have hardened since Lakshmi Mittal, chairman and CEO of ArcelorMittal, came to Calvert two years ago as part of a renaming ceremony for his new south Alabama complex. In a 50-50 joint venture, ArcelorMittal and Nippon Steel & Sumitomo Metal Corp. bought the facility for $1.55 billion from ThyssenKrupp AG, which…

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