Russia's Metalloinvest homes in on Hungarian flat steel producer Dunaferr

August 20, 2021 / www.metalbulletin.com / Article Link

Russian steelmaker Metalloinvest and another, unnamed, non-European steel company, are in discussions about acquiring Hungarian flat steel producer Dunaferr, market sources told Fastmarkets this week.

The Hungarian steelmaker's owners have been in negotiations with both parties and a decision is imminent, sources said, because Dunaferr is about to go through the liquidation process. Metalloinvest has been planning to expand its product portfolio by entering the flat steel sector for some time now, one of the sources said.The local authority and the Hungarian government will...

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