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Mergers & Acquisitions

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

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It’s Official: AK Steel Is Now a Part of Cleveland-Cliffs

13 Mar 2020 - Cleveland-Cliffs Inc. on Friday completed its acquisition of AK Steel Corp., marking the beginning of a new era for two storied American businesses. 

Cleveland-Cliffs Wins Shareholder Approval for AK Steel Merger

10 Mar 2020 - Shareholders have given approval to Cleveland-Cliffs Inc.’s planned acquisition of AK Steel Corp., bringing the deal one step closer to fruition.

Jingye Finalizes Purchase of British Steel

09 Mar 2020 - The Chinese steelmaker on Monday closed on its acquisition of British Steel’s facilities in the U.K. and the Netherlands, securing approximately 3,200 jobs.

ArcelorMittal Reaches New Deal on ILVA Steel Works 

04 Mar 2020 - ArcelorMittal and the Italian government have agreed to revised terms governing the steelmaker’s acquisition of the ILVA steel works in Italy. 

Jingye Group Ready to Finalize Conditional Acquisition of British Steel

03 Mar 2020 - China’s Jingye Group is set to finalize its planned acquisition of British Steel and expects to close on at least a part of the business next week, the company said on Tuesday.

SDI Deepens Its Scrap Stream for Texas Mill 

02 Mar 2020 - Steel Dynamics Inc. is locking up additional scrap supply to feed its planned flat-rolled mill in Texas, announcing Monday that it is acquiring a Monterrey, Mexico-based scrap processor. 

U. S. Steel Buys Out Partner in Joint Venture Mill 

02 Mar 2020 - United States Steel Corporation has acquired the remaining 50% share in its USS-POSCO Industries (UPI) joint venture, the company said on Sunday. 

Cleveland-Cliffs Expects March Close for AK Steel Acquisition

21 Feb 2020 - Cleveland-Cliffs’ planned acquisition of AK Steel Corp. has received approval from North American regulators and is expected to close in March, the company has announced. 

GFG Alliance Enters Indian Steel Market Through Acquisition

18 Feb 2020 - GFG Alliance has acquired a distressed steelmaking operation in India for the equivalent of US$60 million in cash, giving the company its first foothold in the country.

thyssenkrupp Steel Europe Names New Executive Board Chairman

12 Feb 2020 - thyssenkrupp Steel Europe AG will have a new chairman of the executive board in March, the company has announced. 

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