ArcelorMittal has acquired Riwald Recycling, a state-of-the-art ferrous scrap metal recycling business based in the Netherlands. Riwald Recycling was founded in 1989. It operates two fully certified scrap metal yards in Almelo and Beverwijk in the Netherlands, both of which have direct port access. Riwald processed over 330,000 tonnes of ferrous scrap metal in 2021. It sources material from a wide range of suppliers including industrial companies, OEMs, demolition companies, traders, car dismantling companies and regional and national government. Riwald utilises high-specification technical equipment in the separation of materials. This ensures a high purity of materials at the end of the process and maximizes the recovery from all types of scrap and waste it collects.Transaction signing occurred on 6 December with closing, which is subject to customary regulatory approvals, expected by the end of January 2023.