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GFG Alliance Prevails in Effort to Buy Australian Steelmaker

05 Jul 2017 - After revising an earlier offer, metals entrepreneur Sanjeev Gupta and his family’s alliance of businesses have landed a binding agreement to acquire Australian iron ore miner and steelmaker Arrium. 

South Korean Consortium Prevails in Bidding on Australian Steel, Iron Ore Producer

16 Jun 2017 - A consortium led by a South Korean private equity firm has been declared the preferred bidder for Australian iron ore miner and steelmaker Arrium, the company’s financial administrator has announced. 

ArcelorMittal, Italy Reach Binding Agreement on ILVA Acquisition

16 Jun 2017 - ArcelorMittal and partner Marcegaglia said on Friday that they have reached a binding agreement with the Italian government on a plan to acquire ILVA. 

Judge OKs Stelco Sale

09 Jun 2017 - A Canadian judge approved Stelco’s restructuring plan and sale to U.S. investment firm Bedrock Industries Group on Friday, a decision that will allow the steelmaker to emerge from creditor protection as a standalone business. 

Steelworkers Ratify New Labor Agreement with Stelco Acquirer

07 Jun 2017 - Members of the United Steelworkers union have accepted a new labor deal with the buyer of Canada’s Stelco, clearing the way for it to emerge from creditor protection. 

Italian Government OKs ILVA Sale to ArcelorMittal-Led Group

06 Jun 2017 - A consortium led by ArcelorMittal has won the right to acquire Italy’s ILVA and its Taranto works, Europe’s largest steel facility. 

A Steel Works Opens in India, and Another On the Way

02 Jun 2017 - India’s JSW Steel has won approval from the state of Odisha to build a US$7.8 billion steel works, reports the Indian newswire IANS. 

Two Submit Final Offers for Australian Steel Company

31 May 2017 - A steel producer and a private equity firm have submitted final bids for Australia’s Arrium Ltd., which collapsed into administration last year, according to the Reuters news agency. 

Stelco Takes Another Step Toward Completing Sale

31 May 2017 - Members of the United Steelworkers union are getting their first look at tentative labor agreements between their locals and the investment firm looking to buy Canada’s Stelco, reports The Hamilton Spectator newspaper. 

The World's Biggest Steelmaker May Win Europe's Largest Steel Works

30 May 2017 - ArcelorMittal and steel re-roller Marcegaglia have been named the preferred bidders for Italy’s ILVA steel works, reports the (London) Financial Times. 

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