India's JSW Steel mulls bid for ArcelorMittal's Romania plant

India's JSW Steel mulls bid for ArcelorMittal's Romania plant

Photo: Reuters

India’s biggest steelmaker JSW Steel is expected to make a bid for ArcelorMittal’s Galati plant in Romania, three sources told Reuters, potentially competing against Ukraine’s Metinvest and Italy’s Marcegaglia.

ArcelorMittal, the world’s biggest steelmaker, has had to put six European assets up for sale to get approval from European competition authorities for its purchase of Italy’s giant Ilva plant.

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