JSW Steel plans bid for Arcelor’s Romanian plant

JSW Steel plans bid for Arcelor’s Romanian plant

FPJ BureauUpdated: Wednesday, May 29, 2019, 08:23 AM IST
article-image

Mumbai : JSW Steel is likely to make a bid for ArcelorMittal’s Galati plant in Romania, according to sources. The world’s biggest steelmaker ArcelorMittal has had to put six European assets up for sale to get approval from European competition authorities for its purchase of Italy’s giant Ilva plant. Ukraine’s Metinvest and Italy’s Marcegaglia are also in the fray for the Galati plant. The combined value of the assets up for sale is estimated to be $752-940 million and Galati.

RECENT STORIES

Pakistan Faces Deep Investment Crisis, High Costs & Policy Uncertainty Drive Investors Away
Pakistan Faces Deep Investment Crisis, High Costs & Policy Uncertainty Drive Investors Away
RBI Could Cut Interest Rates Further If India–US Trade Deal Is Delayed, Says Goldman Sachs
RBI Could Cut Interest Rates Further If India–US Trade Deal Is Delayed, Says Goldman Sachs
Rupee Falls To 92 Against Dollar, Imports & Foreign Spending Get Costlier While Exporters See Relief
Rupee Falls To 92 Against Dollar, Imports & Foreign Spending Get Costlier While Exporters See Relief
DCCDL Q3 Rental Income Jumps 18% To Rs 1,412 Crore, Strong Demand Boosts Office & Retail Assets
DCCDL Q3 Rental Income Jumps 18% To Rs 1,412 Crore, Strong Demand Boosts Office & Retail Assets
Union Budget Reforms Over 11 Years Reshape Economy, Modi Govt Moves Steadily Towards ‘Viksit...
Union Budget Reforms Over 11 Years Reshape Economy, Modi Govt Moves Steadily Towards ‘Viksit...