+
ArcelorMittal explores the sale of construction arm
Steel

ArcelorMittal explores the sale of construction arm

The world’s largest steel manufacturer, ArcelorMittal, is reportedly exploring avenues in relation to the possible sale of its construction business as it divests peripheral ventures.

The company is currently in talks with advisers to chart out an auction for the division which is associated with products that include roof panels. It is speculated that the business after the sale could fetch around 700-800 million Euros. 

It is also reported that the following sale is expected to happen in the fourth quarter of the year and will get attention from producers of building materials as well as from private equity firms. 

In an announcement in August, ArcelorMittal stated that it had the potential to unlock USD 2 billion from its portfolio, signalling a possible sale of non-core units. 

The world’s largest steel manufacturer, ArcelorMittal, is reportedly exploring avenues in relation to the possible sale of its construction business as it divests peripheral ventures.The company is currently in talks with advisers to chart out an auction for the division which is associated with products that include roof panels. It is speculated that the business after the sale could fetch around 700-800 million Euros. It is also reported that the following sale is expected to happen in the fourth quarter of the year and will get attention from producers of building materials as well as from private equity firms. In an announcement in August, ArcelorMittal stated that it had the potential to unlock USD 2 billion from its portfolio, signalling a possible sale of non-core units. 

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code