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Mergers & Acquisitions

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

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Vale to Exit Brazilian Joint Ventures

05 Dec 2019 - Iron ore producer Vale plans to withdraw from its steel plant joint ventures in Brazil, choosing instead to focus on its mining operations, reports news and commodities pricing service S&P Global Platts. 

Cleveland-Cliffs to Acquire AK Steel 

03 Dec 2019 - Iron ore miner Cleveland-Cliffs Inc. is moving to vertically integrate and enter the steelmaking business, reaching a deal to acquire AK Steel Corp. for approximately US$1.1 billion in stock.

Gerdau Acquires Brazilian Mill 

02 Dec 2019 - Gerdau S.A. has further expanded its reach in Brazil with the purchase a majority stake in Siderurgica Latino Americana S.A. (SILAT), the steelmaker announced last week.

Unimacts Announces Expansion Into Mexico

22 Nov 2019 - Unimacts, a Boston, Mass.-based contract fabricator, has acquired a solar tracking components facility in Mexico. 

JFE Steel Forms Joint Venture With Chinese Bar Maker

19 Nov 2019 - JFE Steel is acquiring a 50% ownership stake in a Chinese special bar producer, giving it an additional foothold in China’s automotive market. 

Report: ArcelorMittal Would Return to Ilva…But With Conditions

18 Nov 2019 - With a few conditions, ArcelorMittal reportedly would be willing to re-commit to its agreement to buy Italy’s Ilva and its Taranto works, according to the Reuters news service.

India’s Supreme Court Clears Essar Acquisition

15 Nov 2019 - ArcelorMittal expects to soon plant a flag in India after the country’s Supreme Court paved the way for it complete its planned acquisition of Essar Steel India Ltd. 

ArcelorMittal Begins Ilva Exit

14 Nov 2019 - ArcelorMittal has begun the effort to withdraw from its acquisition of Italy’s Ilva steel works, filing suit in a Milan court, reports the Italian news service ANSA.

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.

Italian PM Promises to Block ArcelorMittal’s Ilva Exit

07 Nov 2019 - Italian Prime Minister Giuseppe Conte said he will not allow the world’s largest steelmaker to walk away from its agreement to acquire the country’s largest steel works and promised a vigorous court fight if it does. 

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