ArcelorMittal to Invest in a Thai Steel Producer G Steel

ArcelorMittal MT today announces that it has signed agreements to invest new capital resulting in a shareholding of 40 percent in G Steel Public Company Limited , a company listed on the Stock Exchange of Thailand. G Steel and its subsidiary GJ Steel Public Company Limited, which is also listed on the Stock Exchange of Thailand, are leading producers of hot-rolled coils. G Steel has an EAF-based medium slab rolling facility in Rayong and GJ Steel has an EAF-based thin slab rolling facility in Chonburi, with a combined annual capacity of over 2.5 million tonnes per annum. The companies together have over 1,400 employees.