Arcelor to invest €500 million in Spain
Recent market news reveals that, Luxembourg based Arcelor is planning to invest €500 million to its plant Asturias in North Spain, which is operated by Aceralia to increase liquid steel capacity of the plant by 10% to 5 million tons via blast furnace of Avilés-Gijon. Moreover, Arcelor has recently announced that it works on certain projects, which will procure Arcelor cost savings.