Assets For Sale
Here’s who has been put on the sales block.
Latest News
South Australian Government Forces Whyalla Steelworks Into Administration
19 February 2025 - The South Australian government has wrested control of one of the country’s two major steel mills and will inject it with more than AUD$2 billion in funding while its looks for a buyer, according to reports.
Two Bidders Move Into the Lead to Buy Former ILVA Steelworks
18 February 2025 - Azerbaijan’s Baku Steel Co. and India’s Jindal Steel International are said to be the leading bidders for one of the EU’s largest integrated steel works, according to the Reuters news service.
Czech Mill Readied for Sale
06 February 2025 - The Czech Republic’s largest steel mill is going on the sales block, with the first round of bids due in by 23 April.
Nippon Steel to Sell Stake in POSCO
24 September 2024 - Nippon Steel Corp. will divest its US$823 million stake in South Korea’s POSCO Holdings Inc., a move that it says will “improve asset efficiency through asset compression.”
China to Provide Financial Support for Hungarian Steel Works Revamp
05 August 2024 - The China Export and Credit Insurance Corp. (Sinosure) is underwriting EUR1.3 billion in loans that will pay for two new electric arc furnaces at Liberty Steel Group’s Dunaujvaros plant in Hungary.
TT Iron Steel Closes on Point Lisas Acquisition
29 July 2024 - Iron Steel Co. Ltd. has closed on its acquisition of a former ArcelorMittal iron and steel plant in Trinidad and Tobago.
Nippon Steel Sells Stake in Chinese JV
23 July 2024 - Japan’s Nippon Steel Corp. is pulling out of its Chinese joint venture with Baoshan Iron & Steel, ending a 20-year relationship.
Ascometal Terminates Sales Negotiation With Acciaierie Venete
28 March 2024 - Swiss Steel’s plan to sell off several of its Ascometal subsidiary steel works in France has come to a halt, The Swiss Times reported yesterday.
Finkl Steel Parent Might Put Company on Sales Block
20 March 2024 - Swiss Steel Group is weighing whether to divest its specialty steel arm in North America, reports Recycling Today.
U. S. Steel Remains Tight-Lipped on Sales Process
27 October 2023 - United States Steel Corporation is continuing to work through its strategic alternatives review but is remaining mum about its progress to date.
Report: Stelco Interested in Acquiring U. S. Steel
22 September 2023 - Canada’s Stelco is reportedly pursuing a bid for United States Steel Corporation, Bloomberg has reported.
Report: U. S. Steel, Cleveland-Cliffs at Odds in Sales Process
21 September 2023 - A dispute between Cleveland-Cliffs Inc. and United States Steel Corporation has emerged over a confidentiality arrangement, locking Cleveland-Cliffs out of a sales process that is underway, reports the Reuters news service.
U. S. Steel Begins Sharing Company Info With Potential Buyers
29 August 2023 - United States Steel Corporation is signing non-disclosure agreements with potential buyers and has started to share due diligence information with them as it reviews its strategic options, the company said Tuesday.
JSW Steel Hoping to Buy Into Canadian Met Coal Operation
25 August 2023 - JSW Steel is looking to acquire a 20% to 40% stake in a Canadian miner’s metallurgical coal business, reports the Bloomberg news service.
Esmark Ends Effort to Acquire U. S. Steel
23 August 2023 - Esmark Inc., the Pennsylvania-based steel processor and distributor that had put down a US$7.8 billion cash offer for United States Steel Corporation, has bowed out of the sales process.
ArcelorMittal Finds Buyer for Idled Steel Mill
12 June 2023 - A Trinidad and Tobago company is acquiring ArcelorMittal’s idled Point Lisas facility with plans to restart production within 18 months.
Outokumpu Exits Stainless Long Steel Market
06 April 2023 - Finnish stainless producer Outokumpu is divesting the last of its long products business, selling its Degerfors and Storfors facilities in Sweden to stainless long steel specialist Cogne Acciai Speciali.
LIBERTY Steel Buys Asian EAF Mill, Plans to Relocate Equipment to Europe
29 November 2022 - LIBERTY Steel Group is acquiring KG Steel’s Dongbu plant in South Korea and intends to move the equipment to Romania, the company has announced.
AM/NS Agrees to Buy Infrastructure Assets for US$2.5B
26 August 2022 - Joint venture AM/NS India is acquiring port and energy assets from Essar Group for US$2.4 billion, the companies said on Friday.
Despite Sale, Work Progresses on Colorado Rail Mill
12 August 2022 - Although EVRAZ North America parent EVRAZ plc has put the operation up for sale, it’s business as usual for the operation, with work continuing to progress on its new rail mill in Colorado.
