By Simon Casey
Aug. 4 (Bloomberg) -- ArcelorMittal, the world's largest steelmaker, said it plans to invest $600 million building a new mill in Mexico.
The mill will produce 1 million metric tons a year of steel billet and have a bar rolling capacity of 500,000 tons, Luxembourg-based ArcelorMittal said today in a statement distributed by Business Wire.
Arcelor Mittal also agreed to acquire the Koppers' Monessen coke plant in Pennsylvania from Koppers Inc. for $160 million, ArcelorMittal said in a separate statement.
To contact the reporter on this story: Simon Casey in London at scasey4@bloomberg.net
Monday, August 4, 2008
ArcelorMittal to Construct $600 Million Steel Plant in Mexico
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