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SAIL, ArcelorMittal told to finalize $1-billion joint venture by December, India minister says

( September 22, 2016, 09:25 GMT | Insight) -- Indian Steel Minister Chaudhary Birendra Singh said he told ArcelorMittal SA and state-owned Steel Authority of India to finalize their $1-billion automotive steel plant joint venture by December, Live Mint reports.Indian Steel Minister Chaudhary Birendra Singh said he told ArcelorMittal SA and state-owned Steel Authority of India to finalize their $1-billion automotive steel plant joint venture by December, Live Mint reports. The two companies signed an agreement in May last year to explore the establishment of an automotive steel plant under a JV arrangement. Singh said he met ArcelorMittal Chairman Lakshmi Mittal in London last month together with SAIL Chairman P.K. Singh to discuss the JV. ...

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