01
Aug
17:20
AMSA agrees to acquire Highveld sections mill
ArcelorMittal South Africa (AMSA) has entered into an agreement to acquire for ZAR 150 million ($10.3m) the heavy sections mill belonging to Highveld Structural Mill (HSM). The transaction is expected to close by 1 December 2020 subject to certain conditions.
In December 2016 AMSA signed a contract manufacturing agreement (CMA) with an option to buy for the sections mill, formerly owned by Evraz. The unit was revamped and restarted by Highveld’s busin…
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Very good overview of the weekly steel market.
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