Arcelor selling of six plants
The European steelmaker Arcelor, formed by merger of Aceralia of Spain, Usinor of France and Arbed of Luxembourg, currently has seven processing plants. The European Commission allowed the merger with the condition of the six of these plants to be divested. The aforesaid seven processing plants are;ISP Arvedi - hot dipped galvanized Galmed - hot dipped galvanized Lusosider - cold rolled, hot dipped galvanized, tinplate Segal - hot dipped galvanized Beautor - cold rolled and electro galvanized Dudelange - hot dipped galvanized Strasbourg - hot dipped galvanized and organic coatedAmong them, only Dudelange in Luxembourg will be kept and for the remaining six plants it is reported that Arcelor has found potential buyers for all of them. The Sales are expected to be finalised in Q4.