Romanian steel producer ArcelorMittal Hunedoara has announced that its board of directors has approved the sale of all the company's assets to Romanian UMB Steel for 12.5 million euros plus value added tax.
The Board cited the lack of realistic prospects for improvement based on available data, the urgent need to reduce current losses associated with maintaining inactive assets, and the need to generate liquidity to cover outstanding obligations as decisive factors in making the decision.
The transaction covers the transfer of all tangible assets owned by ArcelorMittal Hunedoara at the time of the sale. These include production equipment and industrial installations such as electric arc furnaces, rolling mills, locomotives, scrap recycling and packaging equipment, vacuum degassing plants and ladle furnaces, steel structures, cranes and auxiliary systems, engines, bearings, spare parts, tools, laboratory and weighing equipment.
Materials and inventories are also included, including scrap from external sources and own production, ferroalloys, refractory materials, electrodes and rolling rolls. In addition, all land and buildings located on the industrial site, including the slag dump and related accessories, are part of the sale, along with all land owned by the company outside the industrial site.
The completion of the transaction depends on the fulfillment of several cumulative conditions, which must be fulfilled by June 1, 2026.
As previously reported by SteelOrbis, ArcelorMittal Hunedoara finally stopped production in September 2025 amid extremely difficult market conditions. This was primarily due to continued high electricity prices and increased competition from cheap steel imports from outside the EU. The plant specialized in the production of profiles and corners for the energy, construction and infrastructure sectors.
Author: SteelOrbis Editorial Team
Steelorbis.com
