A new president has been appointed to oversee I/N Tek and I/N Kote, a joint venture between ArcelorMittal and Nippon Steel Sumitomo Metal Corp. in New Carlisle.
ArcelorMittal has been around for less than a decade, but the steelmaker already has a stronger brand than MTV, 7-Eleven, Estee Lauder and PlayStation.
ArcelorMittal has finalized the purchase of a German steel finishing facility in Alabama that will allow it to better serve southern auto plants.
ArcelorMittal crossed a major regulatory hurdle in its bid to team up with a Japanese steelmaker to buy a German steel finishing facility in Alabama, and should be able to complete the purchase sooner than expected.
ArcelorMittal has partnered with two other companies to buy a steel finishing facility in Alabama for nearly $1.6 billion.
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