21
Feb
12:51
Beltrame closes in on Romanian longs mill acquisition
Beltrame has received Romanian competition authority approval to take over bankrupt long products mill COS Targoviste for €38.3 million ($43.5m).
The Italian firm tells Kallanish it plans to invest some €100m into modernising the Romanian long products mill’s equipment.
Liberty Steel had also been in the running to acquire the plant, according to stock exchange filings.
The Romanian government had initially planned to take ove…
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Very good overview of the weekly steel market.
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