EU antitrust regulators to investigate ArcelorMittal-Ilva deal

EU antitrust regulators will investigate whether ArcelorMittal's proposed purchase of Italian steel plant Ilva will lead to price hikes, a move likely to force the steelmaker to offer more concessions to address competition concerns. ArcelorMittal, the world's largest steelmaker, reached a 1.8-billion-euro ($2.1 billion) deal to acquire Europe's biggest capacity steel plant in June. The loss-making plant in Taranto in Italy's south is grappling with a serious pollution issue.