Metinvest completes acquisition of ArcelorMittal Tubular Products Iași in eastern Romania

Metinvest announced on Wednesday, December 17, that it completed the acquisition of ArcelorMittal Tubular Products Iași, in eastern Romania. The plant produces welded structural pipes for the construction, engineering, infrastructure, and agricultural sectors, with a maximum annual production capacity of 240,000 tonnes.

The plant is Metinvest’s first production site in Romania. Negotiations on its acquisition lasted several months.