ArcelorMittal, Nippon to Build $240 Million Galvanizing Line

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ArcelorMittal, the world's biggest steelmaker, and Nippon Steel Corp. will build a $240 million continuous galvanizing line at the I/N Kote plant in New Carlisle, Indiana.

The line will have an annual capacity of 480,000 tons and will double the production capacity of galvanized steel at the plant, Luxembourg-based ArcelorMittal said today in a statement distributed by Business Wire.