ArcelorMittal puts up for sale 3 plants in the USA

​ArcelorMittal group has confirmed its intention to sell a part of its assets in the USA: the enterprises specializing in the output of long products - LaPlace, Steelton and Vinton.

The most attractive among these 3 assets is Steelton in Pennsylvania. This mini-plant with the capacity of 1 mln metric tons a year is one of the 3 plants in Americas able to produce railway rails. Its assortment also comprises bloom and special sort-rolled products for railway manufacturing. The LaPlace mini-plant in Louisiana an annually cast up to 620 thousand tons of steel and produce up to 480 thousand tons of fittings and shape steel –rolled stock. The Vinton mini-plant is located in Texas, has a capacity of up to 320 thousand tons a year and produces fittings and grinding balls.

ArcelorMittal doesn’t release either the details of the deal or possible buyers, or future fate of the enterprises if they are not sold in the near future. However, in March 2015 the corporation terminated the output of sort-rolled products at its largest US metallurgical plant Indiana Harbor and in August closed the line on the hot-rolled rod at the Georgetown plant in South Carolina. ArcelorMittal ended 2015 with a $7.9 bln loss, its subdivision in North America ended Q4 2015 with the operational loss of $741 mln.