Tag: steel

Stocks

ArcelorMittal, Nippon Steel Buy TK Steel USA

Steel giant ArcelorMittal (MT) has signed a 50-50 joint venture pact with Japan’s Nippon Steel & Sumitomo Metal Corporation (NSSMY) to acquire ThyssenKrupp’s 100% interest in ThyssenKrupp Steel USA (TK Steel USA) for $1.55 billion. ArcelorMittal’s share rose 1.2% to close at $17.17 on […]