ArcelorMittal announced that it has completed the sale of its steel and mining operations in Bosnia and Herzegovina to H&P d.o.o. Zvornik, part of the Bosnian Pavgord group.
The transaction covers two key assets:
- ArcelorMittal Zenica, an integrated steel plant, and
- ArcelorMittal Prijedor, an iron mining company ore, which supplies the Zenica facility.
The agreement was originally signed at the end of June 2025 and its completion marks ArcelorMittal's exit from the Bosnian steel and mining sector after 21 years of work and investment.
Strategic review and decision on sale
ArcelorMittal said that despite significant investment and efforts to preserve both operations, the company conducted a comprehensive strategic review before determining that the sale represented the best option for the long-term growth of the business and the well-being of employees.
ArcelorMittal expects to record a non-cash loss of approximately $0.2 billion from sales.
