Ukrainian steel pipe manufacturer Interpipe has successfully acquired ArcelorMittal's Romanian production facility in Iași for approximately €45 million. The plant employs 800 workers & produces 200,000 metric tons of seamless & welded steel pipes annually. This strategic acquisition establishes Interpipe's first European Union manufacturing presence, providing operational resilience & market access amid ongoing conflict disrupting Ukrainian industrial infrastructure. The transaction required Romanian competition authority approval & represents Interpipe's calculated response to geopolitical volatility threatening its domestic operations.