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.
Steel giant ArcelorMittal already makes an estimated 40 percent of the steel that is used by U.S. automakers, and will soon take over a plant that was designed to supply the growing number of auto factories in the south.
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