Arcelormittal purchases Polish Zlomex

Subject to standard regulatory approvals, the transaction is expected to close in the first half of 2023.

The scrap processing company Złomex manages scrap metal warehouses in Krakow and Warsaw. In 2021, the company processed and shipped approximately 400,000 tons of raw materials.

The company supplies scrap to a number of steel and foundry plants, and has also long-term supplied raw materials to ArcelorMittal's facilities in Dombrów-Hurnicz and Warsaw.

In 2022, the company invested in expanding the operations at the Krakow warehouse by installing a new shredder and scrap distribution equipment, as well as increasing the capacity of the Warsaw shipyard.

This is ArcelorMittal's fourth European scrap company purchased in 2022.