ArcelorMittal Hunedoara's board approved selling all company assets to Romanian acquirer UMB Steel for €12.5 million ($13.1 million) plus value-added tax. The transaction follows production cessation in September 2025 amid prohibitive electricity costs & intensifying import competition. The comprehensive asset package includes production machinery such as electric arc furnace & rolling mill, materials inventories, & all land parcels alongside buildings on the industrial site. The board cited absent turnaround prospects, urgent need to curtail losses from idle asset maintenance, & necessity of generating liquidity for outstanding liabilities as decisive factors. Transaction completion remains subject to cumulative conditions requiring fulfillment by June 1, 2026.