OREANDA-NEWS. June 13, 2012. ArcelorMittal is readjusting its shareholdings in two joint ventures with Hunan Valin Iron and Steel to focus more on the Chinese automotive market.

The Luxembourg-based steelmaker will increase its stake in Valin ArcelorMittal Automotive to 49 percent from 33 percent and at the same time may potentially reduce its shareholding in Hunan Valin Steel, an electrical steel producer, to 10.07 percent by selling up to 19.9 percent equity stake to Valin Group.