Steel Mills
October 3, 2014
ArcelorMittal and JSW to Bid for Ilva Steel
Written by Sandy Williams
Italian mill, Ilva Steel Italy expects bids from Indian steel producer JSW and a joint venture of ArcelorMittal and Italian steel processor Marcegaglia sometime within the next few days.
ILVA owner Riva Steel shut down all of its plants except the Taranto-based Ilva in September 2013 after more than 1 billion euros ($1.25 billion) of Riva Group assets were seized in connection with criminal activity associated with environmental disasters at the mill.
