ArcelorMittal Hunedoara has signed an agreement to sell its assets to UMB Steel, part of Romania’s UMB civil engineering group, for EUR 12.5 mln (USD 14.65 mln), the company said in a filing to the Bucharest Stock Exchange.
The transaction covers all physical assets at the Hunedoara industrial platform, as well as land plots located outside the site. Completion of the deal is subject to shareholder approval and clearance from the Competition Council, with an extraordinary general meeting scheduled for February 9 and closing expected by June 1.
The sale follows ArcelorMittal’s decision to permanently shut down production at the Hunedoara steel plant on September 5, 2025, after a prolonged period of extremely difficult market conditions. The company cited very high electricity prices and increasing pressure from low-priced imports from outside the EU as the main factors undermining the plant’s economic viability.
Following the closure announcement, ArcelorMittal Kryvyi Rih and an external buyer expressed interest in acquiring the facility. ArcelorMittal evaluated a potential business model based on supplying semi-finished steel from Kryvyi Rih to restart rolling operations in Hunedoara but ultimately concluded that the proposal would not allow sustainable or profitable operations.
ArcelorMittal Hunedoara is a long-established Romanian producer of long steel products, including sections (100-270mm) and rounds (180-310mm), Euro profiles (IPE, UPE, H), used in the energy, construction, and infrastructure sectors.
1 USD / 0.85 EUR
