Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
Bull Moose Reaches Agreement to Acquire Hanna Steel Corp.
17 June 2026 - Investment bank and financial advisory firm Brown Gibbons Lang & Co. announced Bull Moose Tube Co., a manufacturer of steel pipe and tubing products, has reached an agreement to acquire Hanna Steel Corp., a producer of structural and mechanical steel tubing.
Atlas Tube, Maruichi USA to Form Joint Venture
05 June 2026 - Zekelman-owned company Atlas Tube announced it has agreed to form a joint venture with Maruichi USA.
Worthington Steel Acquires Kloeckner & Co., Intends to Launch Delisting Tender Offer
04 June 2026 - Worthington Steel Inc. announced it has successfully acquired Kloeckner & Co SE, securing about 62% of its outstanding shares and intending to launch a public delisting offer for the remaining shares.
Two Bidders Remain for Whyalla Steelworks
27 May 2026 - Only M Resources and Jindal Steel remain in the running for the purchase of Whyalla Steelworks, though BlueScope still has the right of last offer, announced South Australian Premier Peter Malinauskas, according to ABC.
Jindal, thyssenkrupp Halt Sale Talks
03 May 2026 - thyssenkrupp AG and Jindal International Steel have ended discussions on a sale of thyssenkrupp’s steel business to Jindal, saying that the conditions underpinning the initial talks have changed, and for the better.
British Ministers: Steel Industry Essential to National Security, Move to Nationalize British Steel
02 April 2026 - British Ministers paved the way to nationalize British Steel last week when it initiated efforts to establish the steel industry as essential to national security; alternatively, it could set the company’s owner, Jingye, a deadline for a deal to close, reported the Guardian.
Tenaris Completes Acquisition of AllTorque’s Oilfield Division
26 March 2026 - Tenaris has acquired AllTorque’s oilfield division, an original equipment manufacturer recognized for its tubular running technology, the company announced.
Nippon Steel Obtains 900 Billion Yen for U. S. Steel Acquisition
20 March 2026 - Nippon Steel announced it has secured loans of 900 billion yen from the Japanese Bank for International Cooperation (JBIC) and other Japanese lenders to go toward its acquisition of United States Steel Corporation.
Klöckner & Co SE Management, Supervisory Boards Back Amended Worthington Steel Acquisition Offer
13 March 2026 - Klöckner & Co SE’s management and supervisory boards announced their continued support of Worthington Steel Inc.’s takeover offer after they lowered the minimum acceptance threshold.
Tenaris Acquires Beaver Falls Scrap Yard
09 March 2026 - Tenaris announced it has successfully acquired the Beaver Falls, Pa., USA, scrap yard and transitioned it to its subsidiary Steel Recycling Services.
Jingye Rejects UK Government’s Offer to Take Control of British Steel
09 March 2026 - Jingye has rejected an offer of between £50 million to £100 million from the U.K. government aiming to take control of British Steel, reported the Times.
Flacks Group Eyes Placing Bid on thyssenkrupp Steel Division If Talks With Jindal Steel Fall Through
05 March 2026 - U.S. investment fund Flacks Group would submit a bid for the steel division of thyssenkrupp if current talks with Jindal Steel fall through, indicated Michael Flacks, chief executive officer of Flacks Group, while speaking with Reuters.
BlueScope Opens Door to Discuss Takeover Proposal From SGH, Steel Dynamics
26 February 2026 - BlueScope has asked for further clarification on the takeover proposal from SGH Ltd. and Steel Dynamics Inc., providing a basis on which the company would be willing to discuss further.
SGH, Steel Dynamics Submit Another Takeover Proposal to Buy Out BlueScope
18 February 2026 - Australian steelmaker BlueScope Steel Ltd. is reviewing a revised, US$11 billion cash takeover offer from Steel Dynamics Inc. and partner SGH Ltd.
BlueScope Steel: Open to Better Takeover Proposals, Outlines Future Priorities
04 February 2026 - Following its rejection of the US$8.8 billion takeover bid from Steel Dynamics Inc. and SGH, BlueScope Steel’s new chief executive officer Tania Archibald indicated the company is open to other proposals that realize its value as it looks to future priorities, reported the Wall Street Journal.
Tariffs, End-Market Shifts Fuel Global Metals Industry’s Expansion Into the U.S.
28 January 2026 - Experts estimate there will be rising momentum in 2026 for global metals industry companies to invest or expand into the U.S. using mergers and acquisitions, reported Manufacturing Dive.
Millett: SDI Would Maximize Value of BlueScope’s North American Business
28 January 2026 - Steel Dynamics Inc. (SDI)’s offer to buy BlueScope Steel’s North American business was not an opportunistic attempt to gobble up assets on the cheap, but rather an honest and sincere proposal to unlock value and grow the operation, SDI chairman Mark Millett has said.
Mutares Acquires Greer Steel Co.
22 January 2026 - Mutares SE & Co. KGaA announced it has acquired Greer Steel Co., a cold-rolled strip steel provider based in Dover, Ohio, USA.
Sanzheng Acquired by ANDRITZ
21 January 2026 - ANDRITZ announced it has acquired a 51% stake in Chinese induction heating specialist Baoding Sanzheng Electrical Equipment Co. Ltd.
Worthington Steel to Purchase Kloeckner & Co. for US$2.4 Billion
16 January 2026 - Worthington Steel announced it has entered into a business combination agreement to purchase German service center and processing company Kloeckner & Co. for US$2.4 billion.
