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Arcelor LatAm Buying Spree Continues
ArcelorMittal has agreed to buy Venezuelan pipemaker Unicon for an undisclosed amount. Anticipating a rise in demand in the region, Arcelor is in the process of closing other purchases, including Argentina’s Acindar and M.T. Majdalani, and the remainder of Brazil’s ArcelorMittal Inox, formerly known as Acesita.