Steel News

Kinzie Capital Partners Acquires Fraser Steel LLC

18 February 2025 - Kinzie Capital Partners LP, a Chicago-based private equity firm, has acquired Fraser Steel LLC, a steel tubular products manufacturer in Minneapolis, Minn., the companies announced.

Nippon Steel’s Point Person for U.S. Steel Acquisition Returns to U.S.

14 February 2025 - Nippon Steel Corp. has dispatched vice chairperson Takahiro Mori to the United States to establish a framework for discussion with the Trump administration over the U. S. Steel acquisition, reports The Japan Times.

Naveen Jindal Puts an Offer on Italian Steel Mill

10 February 2025 - Naveen Jindal is offering more than US$1 billion for Italy’s manufacturer Acciaierie d’Italia (ADI), which operates one of the largest integrated mills in the European Union, reports Manufacturing Today India.

Report: Nippon Steel to Invest In, Rather Than Buy, U. S. Steel

07 February 2025 - President Donald Trump on Friday said Nippon Steel Corp. would drop plans to acquire United States Steel Corporation and instead invest in the company.

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.

RHI Magnesita Completes Resco Group Acquisition

05 February 2025 - Refractories maker RHI Magnesita has finalized its acquisition of U.S.-based Resco Group, a producer of shaped and unshaped refractories for the steel, aluminum, cement and petrochemical industries.

USW President Seeks Dismissal of U. S. Steel Lawsuit

05 February 2025 - The president of the United Steelworkers union has asked a judge to toss out a lawsuit against him, calling it frivolous, reports the Reuters news service.

Acquisition Expands ANDRITZ Emissions Control Tech Offerings

04 February 2025 - ANDRITZ has acquired emissions reduction technologies provider LDX Solutions for an undisclosed amount, the company has announced.

Nippon Steel Looks to Fully Acquire Sanyo Special Steel

03 February 2025 - Nippon Steel Corp. is launching a JPY70.5 billion (US$464.2 million) tender offer for Sanyo Special Steel, saying that it will be better able to navigate an increasingly complicated global special steel business as a wholly owned subsidiary.

Investment Firm Seeks to End Nippon Steel Merger

27 January 2025 - A Cleveland investment firm has launched a proxy battle over United States Steel Corporation, arguing that the Nippon Steel merger should be abandoned and that its future should be as a stand-alone entity.

Cleveland-Cliffs CEO Restates Interest In Buying U.S. Steel

13 January 2025 - With the United States Steel Corporation - Nippon Steel merger heading to court, Cleveland-Cliffs Inc. chief executive officer said he wants to buy the company, should the deal ultimately fail.

McConnell: U. S. Steel Decision Is a Disservice to the Country

09 January 2025 - President Joe Biden’s decision to block the sale of United States Steel Corporation is a gift to organized labor that comes at the country's expense, U.S. Senate Minority Leader Mitch McConnell wrote in Wednesday’s The Wall Street Journal.

Nippon Steel Chairman: No Reason to Give Up on U. S. Steel Deal

07 January 2025 - Nippon Steel Corp. has but one plan for its blocked acquisition of United States Steel Corporation — fight the decision in court.

U. S. Steel, Nippon Steel File Lawsuits Over Blocked Merger

06 January 2025 - United States Steel Corporation and Nippon Steel Corp. are appealing President Joe Biden's disapproval of their planned merger and suing the United Steelworkers union president as well as rival Cleveland-Cliffs Inc., contending that they colluded to thwart the deal.

JCD Steel Under New Ownership

06 January 2025 - Florida-based JCD Steel, a supplier of steel pipes and oil country tubular goods (OCTG) for the oil and gas industry, has been sold

Labor Caucus Tells Biden to “Repudiate” U. S. Steel Deal

18 December 2024 - The Congressional Labor Caucus has written to U.S. President Joe Biden, asking him to strongly repudiate Nippon Steel Corp.’s planned acquisition of United States Steel Corporation, the Bloomberg news service reports.

Bloomberg Report Says Biden Intends to Halt U. S. Steel Deal

11 December 2024 - President Joe Biden plans to follow through on a pledge to block Nippon Steel Corp.’s acquisition of United States Steel Corporation, according to a Bloomberg report.

Report: Nippon Steel Shares Details on U. S. Steel Investment Plans

09 December 2024 - Seeking support from the United Steelworkers (USW) union for its acquisition of United States Steel Corporation, Nippon Steel Corp. has made new commitments as to the timing and purpose of its previously announced US$1.4 billion investment in the iconic steelmaker. United States Steel Corporation.

Nippon Steel Remains Confident About U.S. Steel Transaction

05 December 2024 - Nippon Steel Corp. believes it can close its acquisition of United States Steel Corporation by year’s end, in spite of opposition from President-elect Donald Trump.

Celsa Group Divests U.K., Nordic Facilities

21 November 2024 - Spain’s Celsa Group has agreed to sell mills in the United Kingdom and the Nordic region to Sev.en Global Investments, a Czech-based investment group.