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Biggest steelmaker eyes ThyssenKrupp Alabama steel plant, a ‘world-class asset’

MOBILE, Alabama – The world’s largest steelmaker wants to buy the ThyssenKrupp Alabama steel plant, calling it a “world class asset,” according to a report in the Wall Street Journal’s online edition.

ArcelorMittal is one of several bidders for the ThyssenKrupp plant near Mobile, which is capable of producing 5 million tons of steel a year. The Wall Street Journal said North Carolina-based Nucor Corp. and Brazil’s Cia Siderugica Nacional also are bidders.

ArcelorMittal Chief Financial Officer Aditya Mittal said the Alabama mill was “clearly a world-class asset in terms of quality and capability.”

Finnish company Outokumpu previously bought the ThyssenKrupp stainless steel plant near Mobile and said it plans to add 150 people to its workforce there.

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