Steel News

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.

Taylor-Winfield Technologies Purchases George A. Mitchell Company

14 January 2026 - Taylor-Winfield Technologies Inc. announced its successful acquisition of the George A. Mitchell Company.

All Assets of ISB Acquired by Wintriss Controls Group

13 January 2026 - Wintriss Controls Group LLC announced it has acquired all assets of ISB in Montreal, Que., Canada, as of 1 October 2025, forming a new company named Wintriss Controls Group ULC, DBA Wintriss ISB.

U. S. Steel Property Holdings Acquires US$275 Million UPI Plant Property

08 January 2026 - United States Steel Property Holdings has acquired the former USS-POSCO Industries (UPI) site in Pittsburg, Ca., USA, for US$275 million, reported the East Bay Times.

BlueScope Rejects Takeover Bid From SGH, Steel Dynamics

07 January 2026 - Australia's BlueScope Steel Ltd. has rejected a takeover bid from a consortium that includes SGH Ltd. and Steel Dynamics Inc.

Russel Metals Closes US$102 Million Acquisition of U.S. Service Centers

06 January 2026 - Russel Metals announced it has acquired seven service centers in the U.S. from Kloeckner Metals Corp. for US$102 million.

SMS group Acquires Metso’s Ferrous Technologies

05 January 2026 - SMS group has completed its acquisition of Metso Corp.'s ferrous business, it said on Monday.

BlueScope Confirms Receipt of Bid to Acquire All Shares

05 January 2026 - BlueScope has confirmed it received an unsolicited bid from an Australian and U.S. consortium to purchase all shares in BlueScope for US$30.00 cash per share.

Metinvest Acquires ArcelorMittal Tubular Products Iași

17 December 2025 - Romanian pipe plant ArcelorMittal Tubular Products Iași has been purchased by Metinvest, the company announced.