Air Products Signs Contract With ArcelorMittal Unit

LEHIGH VALLEY, Pa. (AP) -- Air Products & Chemicals Inc. said Tuesday it has signed a long-term contract to supply oxygen, nitrogen and argon to an ArcelorMittal unit at its steel mill in Gent, Belgium.

Financial terms were not disclosed.

As part of the deal, Air Products will build, own and operate an onsite air separation unit to supply ArcelorMittal with its industrial gases requirements.

Scheduled to open in 2012, unit will have a production capacity of about 2,000 tons per day.

Shares of Air Products fell 85 cents to close at $73.84.

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