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Mergers & Acquisitions

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

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Tata Executive: Spinoff of Merged European Business Will Be Later, Not Sooner

16 Oct 2017 - An anticipated spinoff of Tata Steel and thyssenkrupp’s European joint venture won’t happen for another two to three years, reports the Reuters news service. 

U.S. Graphite Electrode Plants Sold to Japanese Manufacturer

04 Oct 2017 - Graphite electrode manufacturer Tokai Carbon Co. Ltd. has acquired SGL Carbon’s U.S. graphite electrode business for about US$114.4 million, giving the Japanese manufacturer a production presence in North America. 

Official: Despite Opposition, Deal Between thyssenkrupp Management, Labor Over Tata Merger Is Attainable

04 Oct 2017 - The premier of thyssenkrupp’s home state, North Rhine-Westphalia in Germany, said he believes a deal between the company and its union employees could be reached over the proposed combination of its steel unit with Tata Steel, according to the Reuters news service.

Reliance Steel & Aluminum Expands Perforation Business Through Acquisition

03 Oct 2017 - Reliance Steel & Aluminum Co. has acquired Rhode Island-based Ferguson Perforating Co., a processor that specializes in producing highly engineered and complex perforated metals. 

Cleveland-Cliffs Acquires Full Stake in Iron Ore Mine, Pellet Plant

02 Oct 2017 - Iron ore producer Cleveland-Cliffs Inc. has bought out its joint venture partner in a Michigan mine, the company said on Monday. 

Report: In Tata-thyssenkrupp Combination, the Hammer Might Fall Hard on Port Talbot Works

02 Oct 2017 - As Tata Steel moves to combine its European strip operations with Germany’s thyssenkrupp, Tata’s integrated Port Talbot Works is likely to bear the brunt of cost reductions through the merger and in the event of an industry downturn, reports the Reuters news service. 

Tata, thyssenkrupp Set Framework for Combining Steel Operations

20 Sep 2017 - Tata Steel and thyssenkrupp have signed a preliminary agreement to combine their European steel operations, creating a 50-50 joint venture that would be Europe’s second-largest steelmaker behind ArcelorMittal. 

A Tata-thyseenkrupp Deal May – or May Not – Be Close

14 Sep 2017 - Now that Tata Steel has finalized the divorce between its European business and the legacy British Steel Pension Scheme, a deal to combine the operation with thyssenkrupp’s steel division may be close, according to the Reuters news service.  

ArcelorMittal Appoints Leadership Team for Italy's Ilva

14 Sep 2017 - ArcelorMittal has named two executives to lead the facilities it is acquiring through its purchase of Italy’s Ilva. 

Regulators Approve Tata Steel Pension Plan Divorce

11 Sep 2017 - U.K. officials have approved Tata Steel Europe’s plant to separate itself from its GBP15 billion British Steel pension plan, the steelmaker has announced. 

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