ArcelorMittal Nippon to buy some Essar assets in $2.4B deal

Aug. 26, 2022 1:07 PM ETArcelorMittal S.A. (MT)By: Carl Surran, SA News Editor

Metal worker using a grinder

Phynart Studio/E+ via Getty Images

ArcelorMittal's (NYSE:MT) India joint venture with Nippon Steel said on Friday it agreed to acquire certain infrastructure assets from Essar Group for $2.4B, as it seeks to strengthen its steelmaking business in the country.

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