ArcelorMittal completed the sale of its steel making operations in Bosnia and Herzegovina to Bosnia-based Pavgord Group on 30 October for an undisclosed sum, the steelmaker said.
The sale was originally announced in June 2025. Operations involved include ArcelorMittal Zenica, an integrated steel mill and ArcelorMittal Prijedor, an iron ore mining business.
ArcelorMittal Zenica is a blast furnace (BF)-based long steel producer with an annual capacity of almost 1 mt, making it the largest producer in the Balkans. The mill employs over 2,000 workers.
ArcelorMittal’s third quarter 2025 earnings call is scheduled for 6 November.
Alfie Shaw Senior Research Analyst
