ArcelorMittal Chairman and CEO, Mr. Mittal, was invited to participate the 5th Global CEO Council meeting with Premier Li at the Great Hall of the People on 7th Jun 2017. During the meeting, Mr. Mittal talked about ArcelorMittal has invested heavily in leading R&D centers, most advanced production facilities to meet high requirements of clients. Automotive steel is one such example where we are the leading supplier worldwide to automotive manufacturers.
▲ Group photo for ArcelorMittal Chairman and CEO, Mr. Mittal with Premier Li and other representatives.
ArcelorMittal has extended automotive steel franchise to China, with major production facility (VAMA, in partnership with Hunan Valin Group), in Hunan province, with investment of around $ 1bn. High strength light weight steel for automotive can make automotive industry more environmental friendly and enhance passenger safety.
VAMA is an example of supply side reform – whereby it takes hot rolled coils (which are in excess supply) and using high technology process to convert into high strength automotive steel (which are in short supply).
▲ Group photo for Premier Li and participating members.
▲ Coverage by CCTV news program.