ArcelorMittal to increase Essar Steel plant's capacity to 18 million tonnes

The bids for Essar Steel were submitted on February 12 and a decision on eligibility was pending

ArcelorMittal will scale up the capacity of Essar Steel plant to 18 million tonnes (mt), making it a significant player in the growing Indian steel market.

“It is now operating at 5 mt and can be ramped up to 8.5 mt. The aspiration is to take the capacity to 18 mt,” sources in ArcelorMittal said.

The plan for Essar Steel submitted by ArcelorMittal is likely to have laid out the road map for the company. All the ongoing projects will also be completed. 

Essar Steel was the company’s Plan A and Plan B right now, indicated sources, as it provided