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ArcelorMittal acquires Dortmunder Blankstahl to expand business in Germany

13 May 2021 16:24 reported by Huda Chen

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According to the announcement from ArcelorMittal, one of the leading steelmakers in the world, it has tried to expand its business in Germany, by acquired Dortmunder Blankstahl, one of the local steel bar manufacturers in Germany.

ArcelorMittal Germany was the second-largest steel manufacturer in Germany, with an annual output of around 8 million tons of crude steel.

In addition, in the financial report of ArcelorMittal of this first quarter, the strong demand for automobiles domestic might further push the steel demand to increase in Germany, with over a 7.5% increment in prediction.

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