Steelmaker questions railroad acquisition

ArcelorMittal, the biggest steelmaker in northwest Indiana, is worried about the future of a railroad it uses to annually ship 5 million tons of steel and receive $2 million tons of raw materials.

ArcelorMittal competitor U.S. Steel Corp. is selling most of the 198-mile EJ&E Railway, which serves industrial customers in the Chicago area, to Canadian National Railway for $300 million.

ArcelorMittal has asked the Surface Transportation Board to force EJ&E Railway to answer questions about rates and operating plans, according to The Times of Munster.

EJ&E says it isn’t answering ArcelorMittal’s questions because it isn’t a party to the proposed transaction.

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