Hunan Valin Steel Group Co., Ltd. and ArcelorMittal have signed a joint venture agreement for the production and sales of electrical steel, one more milestone following the auto sheet JV agreement signed by both parties last June.

ArcelorMittal, Hunan Valin Group and Hunan Valin Steel Co. have announced the launch of Valin ArcelorMittal Automotive Steel, an industrial and commercial joint venture.

Steel company ArcelorMittal has entered into an agreement with China Oriental Group Company Limited to share technology, technical expertise and know-how with the aim of transforming China Oriental into a leading producer of heavy sections in China and to assist the company in sourcing of iron ore and coal.