Arcelormittal, Hunan Valin Group and Hunan Valin Steel Co. Launch New Automotive Steel Joint Venture.(Company overview)

Business Wire | June 27, 2008 | Copyright

LUXEMBOURG & CHANGSHA, China -- Regulatory News:

ArcelorMittal, Hunan Valin Group and Hunan Valin Steel Co. announce today a new development in their cooperation with the launch of Valin ArcelorMittal Automotive Steel, an industrial and commercial automotive joint venture that will have an annual production capacity of 1.2 million tonnes of flat carbon steel, mainly for automotive applications. Products will include cold rolled steel, galvannealed steel and pure zinc galvanized steel. The setup of this new joint venture is still subject to regulatory approval.

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