ArcelorMittal, a steel manufacturing corporation, completed the acquisition of the German steel scrap recycling businesses of Alba International Recycling, an environmental services and recycling company. Financial terms were not disclosed. “Increasing the use of scrap in our steelmaking operations and securing access to the metallics required for low-carbon steelmaking is one component of our plans to reduce our CO2e emissions intensity by 35 per cent by 2030. I am therefore very pleased to welcome the management teams and employees of all three companies to ArcelorMittal. The management teams will stay in place and we look forward to working closely with our new colleagues to utilise their market knowledge and expertise to enable Alba to capture the strong growth potential which resides in their business, and support our ambition to lead our industry’s efforts to decarbonise," Geert Van Poelvoorde, ArcelorMittal Europe CEO.