ArcelorMittal sells steel assets to Liberty House

ArcelorMittal announced it has received a binding offer from Liberty House Group for the acquisition of Ostrava (Czech Republic), Galati (Romania), Skopje (Macedonia) and Piombino (Italy). These four assets were put up for sale as part of remedy measures required by the EC in the company’s planned acquisition of Italian steelmaker Ilva. Previously ArcelorMittal sold its Georgetown, SC, mill to Liberty House in 2017.
Jefferies estimates that Liberty House will gain capacity of: 7.0mt of crude steel, 5.9mt of HRC, 1.5mt of plate, 2.0mt of CRC, 1.2mt of galv/coated, 2.0mt of sections/wire and 0.4mt of tube/pipe.
ArcelorMittal is also disposing of downstream rolling/finishing lines at Dudelange (Luxembourg) and several lines at Liege (Belgium). Jefferies estimates these facilities have capacity of: 1.6mt of galv/coated, 0.3mt of CRC and 0.2mt of tinplate.

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