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Mergers & Acquisitions

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

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Salzgitter Acquires Statendam Steel Plates 

16 Jan 2020 - Salzgitter trading subsidiary by Salzgitter Mannesmann Staalhandel B.V. has acquired heavy plate trader Statendam Steel Plates B.V. for an undisclosed amount, Salzgitter has announced. 

Sandvik Finalizes Summerill Tube Acquisition

14 Jan 2020 - Sandvik has completed the acquisition of Summerill Tube Corp., the company announced Tuesday.

Court Allows Ilva Blast Furnace to Remain in Service  

10 Jan 2020 - The No. 2 blast furnace at ArcelorMittal’s Ilva steel works in Italy can keep operating, an Italian court has ruled, according to reports. 

Chinese Steelmaker Could Become the World’s Largest Producer

06 Jan 2020 - China Baowu Steel Group could potentially surpass ArcelorMittal as the world’s largest steelmaker if it completes a deal to take a controlling stake in Chongqing Iron and Steel. 

Tenaris Completes Acquisition of IPSCO Tubulars 

03 Jan 2020 - Tenaris S.A. has finalized its US$1.07 billion acquisition of IPSCO Tubulars Inc. and has signed a new distribution agreement with IPSCO parent PAO TMK, the company announced.  

Reliance Steel & Aluminum Adds California Service Center to its Roster of Companies 

02 Jan 2020 - Reliance Steel & Aluminum Co. has completed its acquisition of California-based service center Fry Steel Co., the company announced Thursday. 

Justice Department OKs IPSCO Acquisition

23 Dec 2019 - The U.S. Department of Justice has cleared Tenaris’ planned acquisition of PAO TMK’s North American unit, IPSCO Tubulars Inc.

ArcelorMittal Agrees to Continue Ilva Negotiations

20 Dec 2019 - ArcelorMittal and the Italian government have reached a non-binding agreement on a new path forward for the Ilva steel works and will continue to negotiate a new industrial plan, the company said Friday.

Sandvik Acquires Stainless Tube Maker

20 Dec 2019 - Sweden’s Sandvik Group is acquiring Summerill Tube Corp., a Pennsylvania-based manufacturer of high-precision stainless and nickel alloy tubes, for an undisclosed amount.

ArcelorMittal, Nippon Steel Look to Expand Essar Steel

16 Dec 2019 - ArcelorMittal and joint venture partner Nippon Steel Corp. have finalized their acquisition of Essar Steel India Ltd., completing a deal that gives both a foothold in the growing Indian steel market. 

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