ArcelorMittal submitted a bid to acquire assets from ThyssenKrupp AG. Initially, Aditya Mittal, Chief Financial Officer of ArcelorMittal declined to name the assets for which it was bidding for but later said that Alabama plant could yield synergy savings with ArcelorMittal's assets. ThyssenKrupp is also selling a steel plant in Brazil.

Aditya Mittal said, "What we're saying is that the $17 billion net debt target includes us being successful in TK."