[Ferro-Alloys.com] It is reported that ArcelorMittal is mulling to make an offer for Italy's second largest steel producer Lucchini, according to Italian union CGIL FIOM.

Lucchini, formerly owned by Russia's Severstal, was declared insolvent in 2012, according to the report.

"There hasn't been a formal expression of interest yet, but in the last few days ArcelorMittal has been conducting due diligence of the Piombino," said Gianni Venturi, national co-ordinator for Italian union FIOM CGIL.

• [Editor:Yueleilei]