Marcegaglia confirms intention to bid for stainless steelmaker AST

July 24, 2021 / www.metalbulletin.com / Article Link

Italian steel re-roller Marcegaglia has been short-listed for the purchase of Italian stainless steelmaker Acciai Speciali Terni (AST), which is owned by German steelmaker Thyssenkrupp.

"We are really interested [in purchasing AST]. There has been the due diligence; we visited the plant this week. August will be the time for negotiations... [at the start of] September probably there will be some information about who will be the new owner," a source at Marcegaglia told Fastmarkets on Friday...

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