Global steel giant ArcelorMittal has announced that, as part of the ongoing European Commission (EC) review into its acquisition of Italian steelmaker Ilva, it has submitted a proposed divestment package to the EC to address concerns the EC has raised during its review. The proposed divestment package includes ArcelorMittal Piombino, the company’s only galvanized steel plant in Italy, ArcelorMittal Skopje in Macedonia, ArcelorMittal Ostrava in the Czech Republic, ArcelorMittal Dudelange in Luxembourg, ArcelorMittal Galati in Romania and hot dip galvanizing lines Nos. 4 and 5 in Flemalle, and hot rolled pickling, cold rolling and tin packaging lines in Tilleur, all of which are in Liège, Belgium.
The company stated that the proposal to sell these assets remains subject to a final review and approval by the EC as well as the conclusion of the information and consultation processes with local and European works councils. Any sales would be conditional upon completion of ArcelorMittal’s acquisition of Ilva. The EC is expected to reach a final decision on the case by May 23.