Nippon Steel and ArcelorMittal have unveiled plans for a $5.5 billion investment to expand operations in India, aimed at boosting production capacity and meeting growing domestic demand.
The expansion will focus on advanced steel grades for the automotive and infrastructure sectors. India, one of the world’s fastest-growing steel markets, remains a central focus of long-term growth strategies for both steelmakers.
The project highlights India’s rising importance in the global steel industry and underscores the country’s role as a key hub for future investments.
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