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Assets For Sale

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

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JSW Steel Reaches Deal to Acquire Italian Long Products Facility

18 May 2018 - JSW Steel has locked up a deal to acquire Italy’s struggling Aferpi long products mill from the Cevital Group, according to reports.

20% of India's Steel Capacity Is Up for Grabs

17 May 2018 - Acquisitive steelmakers are offering to pay the equivalent of US$14 billion for one-fifth of India’s steelmaking capacity, reports the online publication Quartz.

SDI Expands Flat-Rolled Operation Through US$400 Million Acquisition

15 May 2018 - Steel Dynamics Inc. said it will acquire Companhia Siderurgica Nacional’s (CSN) coil processing operation in Terra Haute, Ind., USA, for US$400 million in cash. 

Tata Steel Europe Puts Non-Core Businesses Up for Sale

09 May 2018 - Tata Steel Europe said it will look to divest five niche businesses so that it can focus its efforts on its strip steel operations.

Grupo Simec Reaches Deal to Acquire Brazilian Long Products Mills

06 May 2018 - ArcelorMittal Brazil has struck a deal to sell two mills and wire drawing equipment to Mexican long products producer Grupo Simec, fulfilling an agreement with Brazilian competition regulators.

Electrosteel Acquisition Wins Tribunal Approval

17 Apr 2018 - Indian officials have approved ore miner Vedanta Resources' offer to acquire Electrosteel Steels Ltd., becoming the first of 12 companies forced into insolvency by India’s central bank to reach this stage. 

Gerdau Finalizes Divestment of Texas Mill

03 Apr 2018 - Gerdau SA has completed the sale of its Beaumont, Texas, wire rod mill and two downstream facilities to an entity affiliated with Florida-based Wire Mesh Corp. 

Union Remains Hopeful for Deal to Save Hamilton Specialty Bar

29 Mar 2018 - Even as Canadian SBQ manufacturer Hamilton Specialty Bar (2007) Inc. faces liquidation, talks are continuing with a potential buyer who intends to continue operating the business, and the United Steelworkers union remains optimistic that a deal can be struck, reports Canadian news radio station AM900 CHML. 

Looking to Reduce Debt, CSN Eyes Asset Sales

28 Mar 2018 - Companhia Siderurgica Nacional chief executive Benjamin Steinbruch said the Brazilian steelmaker is planning to sell between US$600 and US$901 million worth of assets this year to pay down debt, reports the Reuters news service. 

Deadline to Save Canadian Bar Maker Passes Without an Offer

27 Mar 2018 - Canadian SBQ maker Hamilton Specialty Bar (2007) Inc. is to be liquidated after a would-be buyer failed to finalize an offer for the business. 

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