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Mergers & Acquisitions

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

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Essar Steel Attracts Offer from World's Leading Steel Producer

12 Feb 2018 - ArcelorMittal has laid an offer on the table for distressed flat-rolled producer Essar Steel India, the company disclosed on Monday. 

Gerdau Reaches Deal to Sell Texas Mill

31 Jan 2018 - Looking to focus more on its value-added business, Gerdau SA said Wednesday that it is divesting its Beaumont, Texas, USA, wire rod mill and two downstream facilities.

Swiss Steelmaker Makes Prevailing Offer for Troubled French Company

29 Jan 2018 - A Swiss specialty long steel manufacturer has been named the preferred bidder for France’s Ascometal, according to the Reuters news service. 

Report: Steel Giants Team Up in Bid for Indian Manufacturer

29 Jan 2018 - Nippon Steel & Sumitomo Metal Corp. and ArcelorMittal are going in together on a bid for India’s Essar Steel, reports The (India) Economic Times. 

General Carbide Acquires Specialized Auto Tool and Die Business

23 Jan 2018 - Pennsylvania-based tooling maker General Carbide Corp. has acquired Only Tool, a tooling manufacturer that serves automotive suppliers. 

Fives Expands Machine Tool Services Business Through Acquisition

09 Jan 2018 - Konecranes has sold its U.S.-based machine tool service unit to industrial engineer Fives for an undisclosed amount, Fives said on Tuesday. 

Report: SAIL, ArcelorMittal Consider Joint Offer for Indebted Steelmaker

09 Jan 2018 - ArcelorMittal and the Steel Authority of India Ltd. (SAIL) reportedly are weighing a joint bid for India’s Bhushan Steel, which was forced into insolvency proceedings last year, reports financial portal 

ArcelorMittal Wades Deeper Into Solar Market

05 Jan 2018 - ArcelorMittal is acquiring the assets of a bankrupt manufacturer of solar farm trackers, the steelmaker has announced. 

GFG Alliance Acquires Australian Coking Coal Mine

02 Jan 2018 - The family-owned company that acquired Australia’s Whyalla steel works last summer has a deal to buy a metallurgical coal mine that supplies it. 

Investment Firm Acquires Steel Technical Center

27 Dec 2017 - An investment firm that owns metals and logistics businesses has acquired Heidtman Steel’s automotive steel technical center for an undisclosed amount.

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