The world's largest steelmaker ArcelorMittal is planning to build two steel plants, with a projected annual coal requirement of 600 million mt each, in the states of Orissa and Jharkhand in India.
According to ArcelorMittal CEO Mr. Lakshmi N. Mittal, the company has appointed consultants to prepare a feasibility report for the project. Mr. Mittal added that the plants would each have an annual capacity of 10 million mt, but that this would be finalized once a detailed report had been made ready. However, he didn't give any time scale for the commencement and completion of the project.
ArcelorMittal, which accounts for about 10 percent of global steel production, currently does not have any manufacturing complex in India.