Marcegaglia

Marcegaglia announced a EUR 250 million investment in its Ravenna plant over the next five years, including EUR 150 million in the next two years, for innovation, digitalization, and new buildings, creating 100 new jobs.

SMS Group received an order from Marcegaglia for a high-performance two-strand reversing cold rolling mill for its Ravenna facility. The mill is scheduled to start operation by April 2020.

Synalloy Corporation has entered into an agreement to purchase Marcegaglia's galvanized tube operations in Munhall, Pennsylvania, for a total consideration of $20 million. The closing is scheduled for the end of June 2018.

Synalloy Corporation's subsidiary Bristol Metals agreed to purchase Marcegaglia USA's real estate property in Munhall, Pennsylvania for $10.0 million.

ArcelorMittal plans to increase its stake in Ecocem France from 30% to 49% by the end of May 2018, subject to Irish Competition Authority approval.

AM Investco Italy, a joint venture of ArcelorMittal and Marcegaglia, submitted the winning bid for the acquisition of Italian steelmaker Ilva S.p.A., including the largest steelmaking plant in Europe in Taranto, for a combined €4.2 billion investment.