Steel News

Mergers & Acquisitions

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

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Liberty House Puts an Offer Down For U.K. Bar Producer

19 Jun 2017 - Metals entrepreneur Sanjeev Gupta and his Liberty House Group reportedly are making a rescue bid for an ailing bar and beam producer in the U.K. 

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. 

Sandvik Sheds Steel Belts Business

02 Jun 2017 - Sandvik is divesting Sandvik Process Systems, its industrial process equipment business, to FAM AB for about US$579.2 million, the company has announced. 

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. 

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. 

Tsubaki Subsidiary Acquires Canadian Sprocket Manufacturer

26 May 2017 - U.S. Tsubaki Power Transmission LLC has announced that Tsubaki of Canada Ltd. has acquired a British Columbia-based maker of sprockets and drive components.

Linde, Praxair Reach Outline Agreement on Merger

24 May 2017 - U.S-based Praxair Inc. and Germany’s Linde AG have reached an agreement in principle to merge through an all-stock deal, creating the world’s largest industrial gases supplier.

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