17
Oct
11:19
Trade unions suggest Arvedi will acquire Magona plant
ArcelorMittal’s Magona plant in Piombino is about to be acquired by Italian flats’ producer Arvedi, according to trade union sources in Italy.
Sources suggest that Arvedi is closed to signing a provisional agreement that follows the successful conclusion of due diligence. “We believe that this is strategic to ArcelorMittal. They may need to divest some minor assets in order to get the go ahead from antitrust authorities for the Ilva transaction…
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Anonymous
Very good overview of the weekly steel market.
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