ArcelorMittal (MT) and Nippon Steel (NSSMY.PK), the world's two biggest steel makers, reportedly...

|About: ArcelorMittal (MT)|By:, SA News Editor

ArcelorMittal (MT) and Nippon Steel (NSSMY.PK), the world's two biggest steel makers, reportedly team up to bid ~$1.5B for ThyssenKrupp's (TYEKF.PK) Alabama plant. The two companies are jointly bidding to split the costs and give the Japanese firm access to MT's existing rolling steel slabs in Latin America. Nucor (NUE) also is said to be interested in the site.