15
Aug
08:22
ArcelorMittal boosts VAMA shareholding
On 12 August Hunan Valin Iron & Steel’s listed arm announced that ArcelorMittal is adding CNY 59.89 million ($8.99 million) of investment to their Valin ArcelorMittal Automotive Steel (VAMA) joint venture. This leaves each company with a 50% stake, Kallanish notes.
Last year ArcelorMittal sold all its shares in Valin Steel itself. Valin says the share adjustment will be good for VAMA’s development in terms of product quality and interna…
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Very good overview of the weekly steel market.
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