16
Jun
16:33
ArcelorMittal and Marcegaglia formalise agreement to purchase Ilva
AM Investco, the joint venture between ArcelorMittal and Marcegaglia, has formalised its agreement with the Italian authorities to acquire Ilva. The company will start operating the Italian assets by year-end and the Italian bank Intesa San Paolo will join the JV, the Luxembourg-headquartered steelmaker tells Kallanish.
ArcelorMittal confirmed in a press release that the new ownership will boost Ilva's finished steel output to 9.5 million tonnes/ye…
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Anonymous
Very good overview of the weekly steel market.
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