ArcelorMittal acquires Polish scrap metal recycler

Zlomex operates scrap yards in Krakow and Warsaw which last year processed and shipped almost 400kt of ferrous scrap metal.

Zlomex supplies a range of steel mills and foundries and has also been a long-standing supplier to ArcelorMittal’s steel plants in Dąbrowa Górnicza and Warsaw.

Including this agreement, ArcelorMittal has undertaken four scrap metal acquisitions in Europe between 2022 and early 2023.

Commenting on the agreement, Geert Van Poelvoorde, ArcelorMittal Europe CEO, said:

“We have worked hard this year to secure greater access to the input materials we need for low-carbon emissions steelmaking. Acquiring four specialist scrap metal recyclers during the year is a very positive development and will play an important role in enhancing our ability to deliver low-carbon emissions steel.

“I’d like to welcome all Zlomex’s employees to our group and look forward to working with them as we continue to execute our strategy to enhance our use of recycled materials in our steelmaking processes, reducing the carbon intensity of the steel we produce in the process. Alongside the technologies we are developing and deploying across our European business, this supports our ambition to lead the decarbonisation of our industry and meet our target of reducing the carbon intensity of the steel we produce by 35% by 2030.”