ArcelorMittal Acquires ThyssenKrupp Steel USA with Nippon Steel and Sumitomo Metal Corporation
ArcelorMittal announced that it has entered into a 50/50 joint venture partnership with Nippon Steel and Sumitomo Metal Corporation (NSSMC) to acquire 100 % of ThyssenKrupp Steel USA (TK Steel USA) from ThyssenKrupp for an agreed price of USD 1550 million.