ArcelorMittal plans to triple steel capacity by 2030
pre-market1 source ↓written by the desknot a recommendation
- steelmaking capacity
- 25-26 million tonnes
- 2030
ArcelorMittal Nippon Steel India Ltd (AMNS India) aims to expand its steelmaking capacity to 25-26 million tonnes by 2030, despite facing challenges from high iron ore costs and low steel prices. CEO Dilip Oommen highlighted that margin pressures are limiting funding for this ambitious growth plan. This expansion could significantly impact the Indian steel market and investor sentiment.
Not investment advice. For informational purposes only.