ArcelorMittal is to lift its shareholding in the Chinese downstream automotive steel joint venture Valin ArcelorMittal Automotive (VAMA) from 33% to 49%.
In-line with the new shareholding agreement, Valin and ArcelorMittal will increase their planned capacity by 25% from 1.2 million tons to 1.5 million tons. Capital investment will also increase …
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