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Mergers & Acquisitions

Who's buying and who's selling iron and steel assets.

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Report: Consortium Bids EUR1.6 Billion for Europe's Largest Steel Works

17 Mar 2017 - ArcelorMittal and partner Marcegaglia are offering 1.6 billion euros for Italy's Ilva steel works, outbidding a rival consortium, reports the Reuters news service. 

Investment Firm Acquires Two Heat Treatment Businesses, Looks to Expand Operations

16 Mar 2017 - Long products producer Gerdau SA has agreed to sell two U.S. metal processing businesses for an undisclosed amount.

Italian Government Receives Two Offers for Europe's Largest Steel Works

08 Mar 2017 - Two consortiums have submitted binding offers for Italy’s ailing Ilva steel group and its Taranto steel works, Europe’s largest steel plant., according to reports

Nucor Adds to Steel Fabrication Business in Canada

02 Mar 2017 - Nucor Corp. has acquired the assets of Omega Joist, a Canadian manufacturer of open-web steel joists, for an undisclosed amount. 

Completed Acquisition Expands Synalloy Subsidiary's Capacity, Capabilities

02 Mar 2017 - Synalloy Corp. subsidiary Bristol Metals has closed on its US$14.95 million acquisition of Marcegaglia USA’s pipe and tube operation in Pittsburgh, Pa., USA. The completed merger forms North America’s largest domestic producer of welded stainless pipe and mechanical tube, the company announced on Wednesday.  

Conveyor Roller Manufacturer Sold to Canada's Metal 7

02 Mar 2017 - Enduride, a Canadian manufacturer of conveyor rollers and idlers, has been acquired for an undisclosed amount, according to an announcement.  ​

Essar Algoma CEO Expects Company to Exit Creditor Protection by Spring

28 Feb 2017 - Essar Steel Algoma president and chief executive Kalyan Ghosh said he believes his company will exit creditor protection by the end of March, just as its debtor-in-possession financing expires. 

Two Steelmakers Merge Brazilian Long Products Operations

24 Feb 2017 - ArcelorMittal Brazil is acquiring Latin American producer Votorantim SA’s Brazilian long steel business, according to announcements from the companies. 

Acquisition Extends Zekelman Industries' Reach in Hollow Structural Sections Market

23 Feb 2017 - Pipe and tube producer Zekelman Industries has acquired Alabama, USA-based American Tube Manufacturing Inc. for an undisclosed amount, Zekelman Industries has announced. 

With a Deal to Divest Its Brazilian Mill, thyssenkrupp Exits Steelmaking in the Americas

22 Feb 2017 - thyssenkrupp AG is ending its decade-long steelmaking venture in the Americas, agreeing to sell its integrated mill in Brazil to Latin American producer Ternium for US$1.33 billion (EUR1.26 billion). 

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