ArcelorMittal announced that it has signed an agreement to acquire the Koppers’ Monessen Coke Plant from Koppers Inc for USD 160 million. The transaction is subject to receipt of relevant regulatory approvals.

Monessen based Koppers’ Monessen Coke Plant produced 320,000 tonnes of metallurgical coke in 2007.

Mr Sudhir Maheshwari, member of ArcelorMittal's group management board with responsibility for M&A, project & business development, said that “This acquisition is an important step towards increasing our upstream self sufficiency in metallurgical coke production during a time when metallurgical coke demand on a global scale remains strong. ArcelorMittal currently purchases all of the coke produced by the Koppers’ Monessen Coke Plant.”