SSAB decides against Dutch Ijmuiden plant acquisition from Tata Steel

Swedish steelmakers SSAB no longer plans to acquire the Ijmuiden plant in the Netherlands off of Tata Steel, SSAB said on Friday January 29.

Tata Steel initiated discussions with SSAB on the sale of its IJmuiden plant in the Netherlands and related downstream assets in November 2020. After the announcement, market sources said it would have allowed SSAB to increase its presence in Northern Europe.
After deeper analysis and discussions, however, SSAB concluded that possibilities to integrate IJmuiden into the company's existing strategic framework were limited and the discussions ended.

"We have carefully evaluated Tata Steel IJmuiden and have concluded that an acquisition would be difficult for...

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