Steel News

Steel Industry Could See Uptick in Mergers

6/13/2019 - Senior steel executives remain optimistic about their prospects for near-term growth and are looking to mergers and acquisitions as a key driver of that growth, according to an annual survey from corporate finance and strategic advisory firm Headwall Partners.

According the Greenwich, Conn., USA, firm’s annual Steel & Metals Growth Survey, 86% of respondents expect their company to be as active, if not more, in mergers and acquisitions over the next three years than in the past three. 

Also, 57% of survey respondents indicated that they are more optimistic about the prospects for their company’s financial performance over the next three years than over the past three years. That number, however, is down from last year’s survey. 

“This year’s growth survey indicates that the market is primed for a meaningful uptick in M&A. Senior sector executives indicated optimism about near-term growth at their companies as a result of the past and expected future Trump administration policies,” said Headwall Partners founder and managing partner Peter J. Scott. 

You can find the survey here.