ArcelorMittal Outlines Robust Growth in Indian Market

ArcelorMittal (MT) has released an update.

ArcelorMittal’s investor day showcased the significant progress and ambitious expansion plans of its joint venture AM/NS India, highlighting the venture’s strong performance and strategic investments aimed at increasing steelmaking capacity and enhancing product sophistication. With a focus on sustainability, AM/NS India aims to grow capacity to 40 million tonnes, capitalizing on India’s position as the fastest-growing steel market. The company’s responsible growth strategy includes a commitment to reducing carbon intensity by 20% by 2030 and developing renewable energy projects.

For further insights into MT stock, check out TipRanks’ Stock Analysis page.