Greenfield steel projects not viable

Greenfield steel industry projects are not viable, says Lakshmi Mittal.

Given the glut of steel production capacity around the world, ArcelorMittal will not be pursuing greenfield projects or significant merger-and-acquisition activity. The Luxembourg-based steelmaker, the world's largest, is instead focused on using its existing capacities most effectively, Mittal said.

Lakshmi Mittal was speaking at the AMM XXIX Steel Success Strategies Conference in New York on 17th June.

For original report, see http://www.amm.com/Article/3352933/Greenfield-projects-not-viable-Mittal-says.html

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