ArcelorMittal consortium submits top bid for Italian steel plant

World News: . []

ArcelorMittal, the world's top steelmaker, and Italian processor Marcegaglia have offered €1.6-billion ($1.72-billion) to buy Italy's troubled Ilva steel plant, outbidding a rival consortium, three sources said on Friday. The rival group that includes India's JSW Steel bid €1.2-billion for the Ilva plant, the three sources with direct knowledge of the bids told Reuters.

Read More: http://www.engineeringnews.co.za/article/arcelormittal-consortium-submits-top-bid-for-italian-steel-plant-2017-03-20

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