Nippon Steel, ArcelorMittal to buy US steel plant: report | Bangkok Post: news

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Nippon Steel, ArcelorMittal to buy US steel plant: report

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The world's two biggest steelmakers, Nippon Steel & Sumitomo Metal and ArcelorMittal, are close to a $2 billion deal to buy a US factory from Germany's ThyssenKrupp, a report said Wednesday. 

The world's two biggest steelmakers Nippon Steel & Sumitomo Metal and ArcelorMittal are close to a $2 billion deal to buy a US steel plant from a German company, report says

Nippon Steel of Japan and Luxembourg-based ArcelorMittal have reached a basic accord with ThyssenKrupp on the deal worth nearly 200 billion yen ($1.97 billion), the Nikkei economic daily said, without naming its sources.

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