ArcelorMittal completed the acquisition of Riwald Recycling.

ArcelorMittal, a steel production corporation, completed the acquisition of Riwald Recycling, a metal recycling company. Financial terms were not disclosed. "The shareholders are pleased to have found a like-minded new owner in ArcelorMittal and I look forward to continue as CEO with the full management team to support the metal recycling strategy of ArcelorMittal. Riwald has a long focus on sustainability, increasing recovery from recycled materials and CO2 reduction in our operations, all of which are well suited to support the decarbonisation strategy of ArcelorMittal,” Gert Huzink, Riwald Recycling CEO.