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Arcelor Mittal acquires Mexican Mill Sicartsa.

Publication: Metal Center News
Publication Date: 01-JAN-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
ARCELOR MITTAL, the world's largest steelmaker, has gotten a bit bigger with the acquisition of Sicartsa, a Mexican steel producer, from Grupo Villacero for approximately $1.4 billion. The deal is expected to close during the first quarter.

Sicartsa is a fully integrated producer of long steel, with an annual production capacity of approximately 2.7 million tons from its facilities in Mexico and Texas. Through its wholly owned mine, linked directly to the plant via a slurry pipeline, Sicartsa has estimated...

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