ArcelorMittal acquires 80% stake in Voestalpine’s USD1billion steel pre-material plant in Texas
The Texas plant produces 2 million tons of Hot Briquetted Iron (HBI), a feedstock that helps decarbonize steel manufacturing
Luxembourg-based steel company ArcelorMittal announced via press release on 14 April that it had signed an agreement to acquire an 80% shareholding in Austrian steel manufacturer Voestalpine’s Hot Briquetted Iron (HBI) plant located in Corpus Christi, Texas, US.
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