Steel Mills
January 30, 2014
ArcelorMittal a Step Closer to Closure on TK Alabama Mill
Written by Sandy Williams
ArcelorMittal received anti-trust clearance on Wednesday, clearing a hurdle to the acquisition of the ThyssenKrupp Alabama facility. The waiting period under the Hart-Scott-Rodino Antitrust Acquisition Improvements Act (HSR) terminated on Jan. 29 providing clearance for the acquisition.
Following receipt of other customary regulatory approvals, the joint purchase by ArcelorMittal and Nippon Steel & Sumitomo Metal Corp (NSSMC) is expected to close late in the first quarter or in the second quarter of 2014.
