ArcelorMittal forms JV with Nippon Steel to run India's Essar Steel

ArcelorMittal forms JV with Nippon Steel to run India's Essar Steel

ArcelorMittal Chief Executive Lakshmi Mittal. Photo: Reuters

ArcelorMittal SA said on Monday it had formed a joint venture with Nippon Steel Corp to run Essar Steel, the bankrupt Indian steel company that ArcelorMittal has taken over.