ArcelorMittal Set to Acquire 80% of Texas HBI Plant
ArcelorMittal Set to Acquire 80% of Texas HBI Plant
SUGAR LAND--April 18, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Steelmaker ArcelorMittal (NYSE:MT) (Luxembourg, Luxembourg) announced last week it will purchase an 80% stake in Voestalpine's (Linz, Austria) hot-briquetted iron (HBI) plant in Corpus Christi, Texas, for about $680 million.
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