Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
DBM Global To Be Acquired by IES Holdings for US$650 Million
12 August 2026 - IES Holdings Inc. announced it will acquire integrated structural steel fabrication, erection and industrial services platform DBM Global Inc. from INNOVATE Corp. for about US$650 million.
Salzgitter AG Sells Klöckner DESMA Elastomertechnik GmbH to German-French Industrial Group
03 August 2026 - The Salzgitter Group announced it has sold Klöckner DESMA Elastomertechnik GmbH to NAME & MAWI Partners S.A.S. (NMP).
Triple-S Steel Holdings Acquires Camden Yards Steel Co.
30 July 2026 - Triple-S Steel Holdings Inc. announced it has acquired Camden Yards Steel Co., a flat-rolled steel processor and distributor.
Nucor Taps Primetals Technologies for Continuous Caster Upgrade
30 July 2026 - Primetals Technologies announced it has been selected by Nucor Steel–Decatur to upgrade its continuous thin slab caster at its plant in Decatur, Ala., USA.
Pilbrico Acquires F.S. Sperry
22 July 2026 - Pilbrico Co. announced it has acquired F.S. Sperry, a refractory service and materials supplier that has served the mid-southern U.S. for over 80 years.
Salzgitter AG Acquires HKM
09 July 2026 - Salzgitter AG has finalized its acquisition of Hüttenwerke Krupp Mannesmann (HKM) from joint venture partners thyssenkrupp and Vallourec, taking full control of the integrated mill in Duisburg, Germany.
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.
