According to the Ukrainian metals and mining group Metinvest, on December 16 the company completed the acquisition of ArcelorMittal Tubular Products Iași, located in the Romanian city of Iasi, which became Metinvest's first production facility in Romania. The group said the Romanian plant is planned to be integrated into the group's production and organizational structure in 2026.
Metinvest said the acquired plant produces welded structural pipes serving end-use sectors including construction, engineering, infrastructure and agriculture. The facility has a maximum annual production capacity of 240,000 tons. The Iasi plant is equipped with five pipe mills, two cutting lines and two coating lines, providing flexibility across a range of pipe products.
According to Metinvest, acquisition negotiations spanned several months, starting in October this year, as SteelOrbis previously reported. The deal required approval from the European Commission in accordance with the EU Merger Regulation, which was granted on November 24.
Commenting on the deal, Metinvest Group CEO Alexander Mironenko said that the location of the Romanian asset approximately 600 kilometers from Zaporozhye will allow Metinvest to supply up to 180,000 tons of hot-rolled coil per year to the Iasi plant, ensuring stable acceptance of orders and stable work.
