ArcelorMittal has signed a deal to sell its operations in Bosnia and Herzegovina to Bosnian Pavgord Group on 20 June for an undisclosed sum, the steelmaker said.
The operations sold include ArcelorMittal Zenica integrated steel mill and ArcelorMittal Prijedor, an iron ore mining business.
Under the agreements ArcelorMittal’s shares in Zenica and Prijedor will be sold to Pavgord Group, and all employees’ jobs are transferred to the new owner.
The deal is expected to be finalised in the third quarter of 2025, subject to merger control clearance and the fulfilment of all conditions precedent.
ArcelorMittal Zenica is a blast furnace (BF)-based long steel producer with an annual capacity of almost 1 million tonnes.
In Northwest Europe, domestic rebar prices have been heard in the range of EUR615-635/t as negotiable against offers between EUR630-640/t delivered. McCloskey sees rebar prices as stable on the basis of reported indications, at EUR625/t delivered Northwest Europe.
This week, ArcelorMittal’s European segment has notified the German government of its decision to indefinitely suspend its decarbonisation projects in Bremen and Eisenhüttenstadt, with state financing for the projects contingent on commencement by June.
Maria Tanatar, Associate Director, Steel and Green Steel
