Offer for Polish steel mills

The consortium composed of Arbed SA, Salzgitter AG, ThyssenKrupp Stahl AG and Usinor SA has submitted a global offer for the acquisition of selected assets of the four Polish steel mills: Huta Katowice SA, Huta im. T. Sendzimira SA, Huta Cedler SA and Huta Florian SA.
Considering Eastern Europe as a key growth market for steel, the consortium foresees specific investment programmes for the restructuring and the development of the four steel mills in order to ensure the long-term competitiveness of the Polish steel industry. Thus the consortium is convinced that this offer will meet the expectations of the Polish Government as well as the competition principles of the European steel market. In parallel, the programme will also stimulate the development of other steel-related industrial branches in Poland.
Hence the successful reorganisation of the Polish steel industry in terms of quality standards, productivity, profitability and an overall balance between supply and demand will not only strengthen the development of the Polish steel processing industry but will also contribute to the successful adhesion of Poland to the European Union.

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