ArcelorMittal has signed an agreement to acquire Polish scrap metal recycling business, Zakład Przerobu Złomu (Złomex). Transaction closing is expected during H1 of 2023.
Zlomex supplies a range of steel mills and foundries with well-established relationships and has also been a long-standing supplier to ArcelorMittal’s steel plants in Dąbrowa Górnicza and Warsaw. Zlomex is focused on ferrous scrap metal and has expanded its Krakow operations with the installation of a new shredder and separation equipment and has invested into an enlargement of its Warsaw yard. ArcelorMittal is committed to supporting Zlomex’s ongoing growth strategy.
This is the fourth scrap metal acquisition ArcelorMittal has undertaken in Europe during 2022, as the company continually seeks to enhance its ability to source scrap steel, a key raw material which supports the company’s ability to reduce its carbon emissions.
