ArcelorMittal to build Mexico Mill and U.S. Plant Aug 5, 2008

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ArcelorMittal SA said it would build a US$600 million steel mill in Mexico and buy a coking coal plant in the U.S. The company said it was still looking at potential sites for the Mexico mill, which will be able to turn out about 500,000 metric tons (551,000 tons) of carbon steel and bars every year for the car-making and construction sectors in the country. It expects the new plant to supply the Mexican government's plan to upgrade infrastructure and build more housing.

ArcelorMittal also said it would pay $160 million to buy the Koppers' Monessen Coke Plant from Koppers Inc. to secure more of the fuel it needs to fire steel furnaces.

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