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Trinecké Zelezárny submits nonbinding bid for ArcelorMittal's Czech plant

Czech Republic-based Trinecké Zelezárny, has made a nonbinding offer for ArcelorMittal's ArcelorMittal Ostrava AS plant, S&P Global Platts reported June 5.

ArcelorMittal is looking to divest the Czech plant as well as several other European assets to secure EU antitrust approval for its proposed acquisition of Italian steelmaker Ilva International SpA.

The mill is expected to produce 2.3 million tonnes of crude steel this year following repairs and restart of its second blast furnace.

It produced about 1.8 million tonnes of crude steel output in 2017, accounting for around 40% of the Czech steel industry's production.

Trinecké Zelezárny specializes in wire rod, rebar, rails and seamless pipes.

S&P Global Market Intelligence and S&P Global Platts are owned by S&P Global Inc.