Wed Sep 25 09:30:00 UTC 2024: ## ArcelorMittal Showcases Ambitious Growth Plans in India’s Booming Steel Market
**Hazira, Gujarat – September 25, 2024** – ArcelorMittal, a global steel and mining giant, hosted an investor day at its AM/NS India flagship plant in Hazira, Gujarat. The event highlighted the company’s commitment to India’s rapidly growing steel market and unveiled plans to expand its operations to reach 40 million tonnes of annual steel production capacity.
The event, which included a plant tour, presentations, and a question-and-answer session, provided investors with a firsthand look at the progress made by AM/NS India, a joint venture between ArcelorMittal and Nippon Steel, since its inception. The focus was on the company’s expansion plans, including detailed progress updates on Phase 1 of the project, which aims to significantly increase production capacity at the Hazira facility.
Aditya Mittal, CEO of ArcelorMittal and Chairman of AM/NS India, along with Dilip Oommen, CEO of AM/NS India, led the presentations. The event showcased AM/NS India’s vision to become the benchmark for quality, scale, and sustainability in the Indian steel industry.
ArcelorMittal, with operations in 60 countries and primary steelmaking in 15, is a leading player in the global steel market. The company has a strong presence in Europe, the Americas, and Asia, including its growing footprint in India through AM/NS India.
The investor day underlined ArcelorMittal’s commitment to India’s burgeoning steel industry and its ambition to play a key role in the country’s economic growth. The company’s focus on sustainability and its plans to utilize innovative, energy-efficient processes, including the production of “smarter steels” that are cleaner, stronger, and reusable, are expected to contribute to a greener future for the industry.
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