|Bid||20.29 x 1400|
|Ask||0.00 x 1200|
|Day's Range||19.65 - 20.28|
|52 Week Range||19.25 - 37.87|
|Beta (5Y Monthly)||2.14|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.38 (1.55%)|
|Ex-Dividend Date||May 13, 2022|
|1y Target Est||N/A|
TOKYO (Reuters) -An Indian joint venture of ArcelorMittal and Nippon Steel will invest 410 billion rupees ($5 billion) to boost crude steel output capacity by 6 million tones a year at its Hazira plant, the Japanese firm said on Wednesday. The AM/NS India joint venture will build two blast furnaces, along with many other facilities, in its Hazira plant in western India, with plans to start operations by mid-2026. The expansion is aimed at meeting growing steel demand in India and winning a bigger slice of the market.
Soaring energy costs are forcing energy-intensive industries out of Europe and into the U.S. as they look to cut operational overhead
High energy prices could trigger an exodus of companies from Europe to destinations with lower energy costs such as the U.S.