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Mergers & Acquisitions

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

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Algoma Moves To End Creditor Protection

06 Aug 2018 - After operating under creditor protection for more than two and a half years, Canada’s Algoma might be set to emerge under new ownership. 

Acquisition Expands Boomerang Tube’s Processing Capabilities

02 Aug 2018 - Texas-based oil country tubular goods maker Boomerang Tube LLC has acquired nearby casings processor Southern Tube LLC for an undisclosed amount, the company has announced. 

ArcelorMittal Makes 'Take It or Leave It' Offer for ILVA

30 Jul 2018 - ArcelorMittal has upped its offer for Italy’s ILVA after the country’s new government began pushing for a better deal, reports commodities news and pricing service Argus Media. 

Italian Government Launches Examination of Ilva Bidding

25 Jul 2018 - The Italian government has opened a review into the bidding process for Ilva and could potentially rescind its agreement to sell the business to ArcelorMittal, reports Kallanish Commodities.  

Steel Dynamics Working on Deal for Idled Mill in Kentucky

24 Jul 2018 - Steel Dynamics Inc. is planning to acquire a shuttered bar mill in Kentucky, chief executive Mark Millett said Tuesday. 

Timken Expands Power Transmission Business With Cone Drive Acquisition

24 Jul 2018 - The Timken Co. is acquiring precision drives manufacturer Cone Drive for an undisclosed amount, it announced on Tuesday. 

Adjusting Strategy, JSW Steel Goes on the Hunt for Niche Producers

11 Jul 2018 - Having lost the bidding for several distressed assets, India’s JSW Steel is adjusting its acquisitions strategy and will look for smaller, niche producers, according to the Reuters news service.  

Bristol Metals Finalizes Purchase of Galvanized Tube Business

05 Jul 2018 - Bristol Metals LLC has closed on its acquisition of Marcegaglia USA’s galvanized tube business, the company has announced. 

Tata, thyssenkrupp Shake Hands on European Joint Venture

02 Jul 2018 - After more than two years of negotiations, India’s Tata Steel and Germany’s thyssenkrupp have agreed to combine their European steel business through a 50-50 joint venture. 

Steel Dynamics Closes on Acquisition of Sheet Processing Facility

02 Jul 2018 - Steel Dynamics Inc. has finalized its acquisition of the former Heartland Steel sheet processing plant from Companhia Siderurgica Nacional. 

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