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.
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.
ArcelorMittal has partnered with two other companies to buy a steel finishing facility in Alabama for nearly $1.6 billion.
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