Arcelor Nippon to double capacity
Expansion at Hazira and look for opportunities elsewhere as their maiden venture in the country completes a year in operation
The Mittals plan to double their bets on India as their maiden venture in the country completes a year in operation.
Dilip Oommen, CEO of AMNS India (ArcelorMittal Nippon Steel), said the company would like to expand capacity at Hazira to twice the existing size and look for opportunities elsewhere.
Speaking at an e-conclave organised by the Bengal Chamber of Commerce & Industry, Oommen said: “We are quite bullish on the future of the steel industry in India. While we are expanding our pellet capacity to 20 million tonnes, we want to double the production at Hazira in stage one and then we will look at opportunities.”