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.
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.
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.
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.
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.
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.
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.