Market Data
June 12, 2023
ArcelorMittal Selling Point Lisas Plant in Trinidad and Tobago
TT Iron Steel Co. Ltd. (TTIS) has signed an agreement to acquire the ArcelorMittal Point Lisas iron and steel plant in Trinidad and Tobago.
Completion of the transaction is subject to approval by Trinidad and Tobago’s government, TTIS said in a release on June 7. The company said initial refurbishment and restart of the plant is expected to cost $150-200 million over the next two years, with further investment required thereafter.
