ArcelorMittal (“the company”) has today signed a sale and purchase agreement to sell its operations in Bosnia and Herzegovina. ArcelorMittal Zenica, an integrated steel plant, and ...

Estimated to cost $1.2bn, the plant will focus on producing premium non-grain-oriented electrical steel (NOES), which is essential for manufacturing larger vehicles such as full-size pickups and SUVs.

The sale consists of ArcelorMittal Zenica, an integrated steel plant, and ArcelorMittal Prijedor, an iron ore mining business. Net of sale proceeds, the company expects to record a non-cash loss ...

In a separate move affecting its European operations, ArcelorMittal has sold ArcelorMittal Zenica, a blast furnace/BOF steel plant, and ArcelorMittal Prijedor, an iron ore mining business that ...

ArcelorMittal, which has operated in Bosnia for 21 years, reported losses of 276.3 million Bosnian marka ($162.6 million) in 2023 and 2024 due to a drop in steel demand in Europe.

ArcelorMittal to build new steel plant in US to meet auto sector demand. By Johan Bodinier and Anna Peverieri. February 6, 2025 7:49 AM UTC Updated February 6, 2025 A logo of ...

Reuters. FILE PHOTO: A logo of ArcelorMittal steel group is seen at the company's site in Basse-Indre near Nantes, France, November 26, 2024. REUTERS/Stephane Mahe/File Photo ...