ArcelorMittal-Sail auto steel jv to begin production in India by mid 2019

An automotive steel joint venture, between ArcelorMittal and India's state-owned Steel Authority of India Ltd (Sail), is on track to begin production in India between May 2018 and May 2019.

The parties signed a Memorandum of Understanding (MoU) over the proposed venture in May 2015.
ArcelorMittal representatives, including chairman Lakshmi Mittal, received a delegation from the Indian government at the steelmaker’s London offices on Tuesday August 30 to continue discussions over the venture.

With talks progressing well, the joint venture is on track to be formally established 18-24 months after the date...


September 01, 2016

16:14 GMT