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30 Mar

ArcelorMittal Sustainable Solutions unit includes scrap processing expansion

ArcelorMittal’s new Sustainable Solutions business segment includes the Industeel unit, renewables projects like the 1GW wind and solar project in India to be commissioned this year, and scrap recycling and collection capabilities. Capital expenditure in the segment soared 174% on-year in 2023 to $611 million. The firm announced in February it had reconfigured its reporting segments, effective 1 January 2024, renaming NAFTA to North America and creating a Su…
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