SSAB eyes investments in Europe and China: report

摘要

Swedish steelmaker SSAB is interested in expanding its operations in Europe and China, having slashed the group's debt level, according to CEO Martin Lindqvist. In a local media report, Lindqvist noted the potential for interesting assets to emerge in the European market, likely indicating ArcelorMittal's proposals to divest assets in its pursuit of Italian giant, Ilva. SSAB has targeted premium automotive flat steels as an opportunity for growth and a galvanizing line on the continent could be an appealing prospect. As reported, ArcelorMittal is believed to have offered to sell its mills in Belgium, Romania and the Czech Republic as a remedy package to assuage the European Commission's competition arm.