ArcelorMittal, Gerdau sell US steel mill for $770 million
Gallatin Steel is a joint venture between ArcelorMittal and Gerdau.
Oct 09, 2014, 13:57 PM IST
ArcelorMittal, Gerdau to sell US steel mill for $770 mn
World's biggest steel producer ArcelorMittal today said it has inked a pact with Brazil's Gerdau to sell their 50 percent stakes in US-based Gallatin for USD 770 million, as part of its strategy to divest non-core assets.
Sep 15, 2014, 22:57 PM IST