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Jingye Steel Enters Agreement to Buy British Steel

13 Nov 2019 - China’s Jingye Group has struck an agreement to acquire long steel manufacturer British Steel Ltd., ending months of uncertainty about its future.

Report: Chinese Steelmaker Closes in on Outline Agreement to Buy British Steel

07 Nov 2019 - China’s Jingye Group is said to be at the top of the list to buy the U.K.’s second largest steel producer and could strike a deal in the coming week, according to reports. 

A Window Closes For One British Steel Bidder, But Opens for Others

28 Oct 2019 - Officials from China’s Jingye Group are to visit British Steel this week after the company’s court-appointed receiver and the preferred bidder failed to reach a sales agreement during a 10-week exclusivity period, reports the (London) Financial Times. 

Sinosteel Acquires Australian Iron Ore Project

23 Oct 2019 - Mitsubishi  Corp. is selling a nearly AUD$10 billion iron ore project and associated rail and port project to China’s Sinosteel, a development that could give Western Australia its next major iron ore exporting region.

Liberty House Revisits Bid for British Steel

23 Oct 2019 - Sanjeev Gupta’s Liberty House Group has renewed discussions about taking over financially troubled British Steel, the U.K.’s second-largest steel producer, according to Sky News. 

Investment Firm Expresses Interest in Bayou Steel

08 Oct 2019 - After filing for Chapter 11 bankruptcy last week and planning to close their doors, Bayou Steel Group may have a buyer in investor Jeff Sands.

Bayou Steel Plans Closure, Files for Chapter 11

02 Oct 2019 - Bayou Steel has declared bankruptcy and intends to permanently close its Louisiana and Tennessee mills by the end of November, reports Bloomberg News.

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