Commercial Metals bids for Croatian mill |
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Published
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Fri, 06 Apr 2007 18:06
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IRVING, Texas (AP) - Commercial Metals Co. said Friday its Swiss subsidiary bid $28 million to acquire a Croatian steel mill, in preparation for Croatia's expected membership in the European Union in 2009.The bid is for an electric arc furnace steel reinforcing bar mill with a wire mesh facility, which has about 170,000 metric tons of rebar capacity and 30,000 tons of mesh capacity.The subsidiary, Commercial Metals International, has also bid for a Croatian pipe mill.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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