AM/NS India reports jump in Q1 earnings, further expansion plans

摘要

The joint venture between ArcelorMittal and Nippon Steel, AM/NS India, has reported solid financial results for the first quarter of 2021, while planning further growth. AM/NS India’s operations were affected by the lockdown measures imposed to combat the Covid-19 pandemic during the second quarter of 2020, but since these measures have been removed, demand has improved and the company’s assets were now running at higher utilization levels.