ArcelorMittal to sell Bosnia steel mill that had set a record for wire rod production
ArcelorMittal will divest its Bosnia-Herzegovina assets—including the Zenica steelworks, a leading Balkan wire rod producer—to Pavgord Group. Amid market headwinds and recent losses, the sale retains 2,700 jobs and transfers facilities with nearly 1 million tons in annual capacity, reinforcing regional continuity in long product supply.
ArcelorMittal Hits Pause on German DRI-EAF Projects Amid Economic Pressures
ArcelorMittal has halted its planned DRI and EAF investments in Germany due to market instability and policy challenges, despite a €1.3 billion support package. The company will now focus on detailed planning for future electric arc furnace infrastructure at Bremen and Eisenhüttenstadt, awaiting improved economic conditions.