Steel News

Assets For Sale

Here’s who has been put on the sales block.

Latest News

Big River Rolls On – On Its Own

08 Nov 2018 - Big River Steel, the technology company that happens to make steel, will be doing so independently, the company has said.

Commercial Metals Co. Completes US$600M Acquisition of Gerdau Long Mills

05 Nov 2018 - Gerdau has finalized its sale of four U.S. mini-mills and nearly three dozen rebar fabrication shops to Texas-based Commercial Metals Co., the steelmaker said on Monday. 

Report: U.K. Steelmaker Eyes Up Pennsylvania Wire Processor

05 Nov 2018 - British Steel is said to be looking at buying Pennsylvania’s Johnstown Wire Technologies, the (London) Financial Times reports.  

Essar Steel Creditors Give Nod to ArcelorMittal Offer

30 Oct 2018 - Essar Steel India Ltd.’s creditors have named ArcelorMittal as the successful bidder for the debt-laden business, accepting its US$6.8 billion offer. 

In Surprise Move, Essar Steel Promoters Offer to Repay Lenders and Halt Bankruptcy Sale

25 Oct 2018 - India’s Ruia family, which promotes Essar Steel India Ltd., have made a last-ditch effort to reclaim the bankrupt business, offering to pay off the equivalent of US$7.4 billion, just as creditors were to vote on a bid from ArcelorMittal. 

To Allow for Essar Steel Acquisition, ArcelorMittal Agrees to Pay Off US$1B in Debt

17 Oct 2018 - ArcelorMittal said it is prepared to pay off the equivalent of about US$1 billion in debt on two businesses in which it had held ownership stakes in order to win approval to buy another.

Liberty House Adds Four European Steel Plants to Growing List of Assets

12 Oct 2018 - Sanjeev Gupta’s Liberty House Group has signed an agreement to buy four ArcelorMittal facilities in Europe, an acquisition that will double its rolling capacity to more than 15 million metric tons annually. 

Tata Expands Capacity With Usha Martin Acquisition

24 Sep 2018 - Indian wire rope manufacturer Usha Martin Ltd. is divesting its special steel plant and other upstream assets to Tata Steel for the equivalent of between US$589.6 million and US$644.5 million, the company has announced. 

Steel Dynamics Takes the Keys to Closed Bar Mill, Eyes November Restart

18 Sep 2018 - Steel Dynamics Inc. has finalized its acquisition of shuttered Kentucky Electric Steel for US$5 million and plans to reopen the facility in November. 

News - 1 to 9 of 9
  • 1

Skip to page number

View Steel News Archives