Not long ago World pipe network reported that the world's steel pipe network to provide the world's steel pipe network editor , Arcelor Mittal Steel signed an agreement to acquire certain assets of Polish steel distributors Cognor, but the deal still needs the Polish commercial competition and protect consumer rights review.
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the Polish steel industry sources saidWorld Steel Pipe , ArcelorMittal's influence in the market is not in doubt, but due to legal constraints to maintain market competition, so will not have this transaction uneasy . Moreover, ArcelorMittal in Poland there are still competitors, such as Celsa Huta, the Ostrowiec iron and steel company in the next year to increase the long products, sales efforts.
Arcelor Mittal hope acquisition and hire Cognor 11 and two storage facilities, the total cost of about 149 million PLN (36.9 million euros), which will become Arcelor Mittal in a strong complement to the existing sales network in Poland. Arcelor Mittal Council member Michel Wurth said, according to the production, improve the sales network to promote the full range of products produced in Poland in the downstream processing industry sales.
Cognor about 64 percent owned by the Polish the Zlomrex steel companies all, the company is also the largest scrap suppliers in Poland and the second bloom vendors. Zlomrex to ArcelorMittal sell Cognor shares can significantly ease the debt burden of the company, improve risk expectations, and reverse the company's current credit rating, and so moving in a positive direction.
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2008 Cognor In Poland, sales of 240,000 tons of steel. Sales in 2009 fell to 15.2 million tons, which accounted for 70% of long products, flat products accounted for 30%.