Huge steelmakers might target Indiana for expansion

March 29, 2007

Arcelor Mittal, the world’s largest steelmaker, and No. 2 Nippon Steel agreed Sunday to double capacity of their U.S. joint venture, according to the Post-Tribune of Merrillville, quoting the Japanese business daily Nikkei.

Arcelor, headquartered in Luxembourg, and Japan-based Nippon plan to spend $254 million on the expansion. The companies make cold-rolled and galvanized steel for Japanese car plants in the U.S. at their I/N Tek and I/N Kote sites near South Bend.

A new plant also is part of the deal.

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