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Mergers & Acquisitions

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

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Investment Firm Takes Another Shot at Acquiring Boiler Maker

25 May 2018 - Boiler and pollution control systems maker Babcock & Wilcox Enterprises Inc. said it is reviewing a nonbinding offer for the business from its largest shareholder, Steel Partners Holdings.

Salzgitter Buys Specialty Tube Producer in France

22 May 2018 - Salzgitter Group subsidiary Mannesmann Stainless Tubes GmbH has acquired French stainless tubemaker Société Technique d'Etirage de Précision (SOTEP) for an undisclosed amount, the company has announced. 

JSW Steel Reaches Deal to Acquire Italian Long Products Facility

18 May 2018 - JSW Steel has locked up a deal to acquire Italy’s struggling Aferpi long products mill from the Cevital Group, according to reports.

Union Partners Adds Another Service Center to Its Roster

17 May 2018 - Union Partners, a Chicago-based investment firm with a growing portfolio of steel and metals businesses, has acquired Contractors Steel for an undisclosed amount, the firm announced Thursday. 

Outokumpu Acquires Full Ownership in Joint Venture Mill

16 May 2018 - Finnish stainless producer Outokumpu is buying out its partner in its joint venture wire rod mill and will take full ownership of the facility.

thyssenkrupp-Tata Tie-Up on Track for June Signing

15 May 2018 - Germany’s thyssenkrupp expects to sign the agreement to merge its steel division with Tata Steel’s European strip business by the end of June, reports S&P Global Platts. 

SDI Expands Flat-Rolled Operation Through US$400 Million Acquisition

15 May 2018 - Steel Dynamics Inc. said it will acquire Companhia Siderurgica Nacional’s (CSN) coil processing operation in Terra Haute, Ind., USA, for US$400 million in cash. 

EU Regulators Sign Off on ILVA Sale

07 May 2018 - The European Commission has approved ArcelorMittal’s acquisition of Italy’s ILVA, clearing the way for the steelmaker to begin finalizing the deal.

Grupo Simec Reaches Deal to Acquire Brazilian Long Products Mills

06 May 2018 - ArcelorMittal Brazil has struck a deal to sell two mills and wire drawing equipment to Mexican long products producer Grupo Simec, fulfilling an agreement with Brazilian competition regulators.

Electrosteel Acquisition Wins Tribunal Approval

17 Apr 2018 - Indian officials have approved ore miner Vedanta Resources' offer to acquire Electrosteel Steels Ltd., becoming the first of 12 companies forced into insolvency by India’s central bank to reach this stage. 

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