Steel News

thyssenkrupp Steel Europe Names New Executive Board Chairman

12 February 2020 - thyssenkrupp Steel Europe AG will have a new chairman of the executive board in March, the company has announced.

Negotiators Gain More Time on ILVA, ArcelorMittal Talks

10 February 2020 - ArcelorMittal and the Italian government have extended a deadline on talks related to the fate of the ILVA steel works in southern Italy, reports the Reuters news service.

thyssenkrupp Still Open to Steel Merger

10 February 2020 - thyssenkrupp hasn’t given up on merging its steel business and is continuing to seek industry partners, reports commodities news and pricing service S&P Global Platts.

Steel Recycler Expands Through Acquisition

20 January 2020 - Rivers Metals Recycling has closed on its acquisition of Kentucky-based scrapper Industrial Services of America Inc., Rivers Metals has said.

Salzgitter Acquires Statendam Steel Plates

16 January 2020 - Salzgitter trading subsidiary by Salzgitter Mannesmann Staalhandel B.V. has acquired heavy plate trader Statendam Steel Plates B.V. for an undisclosed amount, Salzgitter has announced.

Sandvik Finalizes Summerill Tube Acquisition

14 January 2020 - Sandvik has completed the acquisition of Summerill Tube Corp., the company announced Tuesday.

Court Allows Ilva Blast Furnace to Remain in Service

10 January 2020 - The No. 2 blast furnace at ArcelorMittal’s Ilva steel works in Italy can keep operating, an Italian court has ruled, according to reports.

Chinese Steelmaker Could Become the World’s Largest Producer

06 January 2020 - China Baowu Steel Group could potentially surpass ArcelorMittal as the world’s largest steelmaker if it completes a deal to take a controlling stake in Chongqing Iron and Steel.

Tenaris Completes Acquisition of IPSCO Tubulars

03 January 2020 - Tenaris S.A. has finalized its US$1.07 billion acquisition of IPSCO Tubulars Inc. and has signed a new distribution agreement with IPSCO parent PAO TMK, the company announced.

Reliance Steel & Aluminum Adds California Service Center to its Roster of Companies

02 January 2020 - Reliance Steel & Aluminum Co. has completed its acquisition of California-based service center Fry Steel Co., the company announced Thursday.

Justice Department OKs IPSCO Acquisition

23 December 2019 - The U.S. Department of Justice has cleared Tenaris’ planned acquisition of PAO TMK’s North American unit, IPSCO Tubulars Inc.

ArcelorMittal Agrees to Continue Ilva Negotiations

20 December 2019 - ArcelorMittal and the Italian government have reached a non-binding agreement on a new path forward for the Ilva steel works and will continue to negotiate a new industrial plan, the company said Friday.

Sandvik Acquires Stainless Tube Maker

20 December 2019 - Sweden’s Sandvik Group is acquiring Summerill Tube Corp., a Pennsylvania-based manufacturer of high-precision stainless and nickel alloy tubes, for an undisclosed amount.

ArcelorMittal, Nippon Steel Look to Expand Essar Steel

16 December 2019 - ArcelorMittal and joint venture partner Nippon Steel Corp. have finalized their acquisition of Essar Steel India Ltd., completing a deal that gives both a foothold in the growing Indian steel market.

Vale to Exit Brazilian Joint Ventures

05 December 2019 - Iron ore producer Vale plans to withdraw from its steel plant joint ventures in Brazil, choosing instead to focus on its mining operations, reports news and commodities pricing service S&P Global Platts.

Cleveland-Cliffs to Acquire AK Steel

03 December 2019 - Iron ore miner Cleveland-Cliffs Inc. is moving to vertically integrate and enter the steelmaking business, reaching a deal to acquire AK Steel Corp. for approximately US$1.1 billion in stock.

Gerdau Acquires Brazilian Mill

02 December 2019 - Gerdau S.A. has further expanded its reach in Brazil with the purchase a majority stake in Siderurgica Latino Americana S.A. (SILAT), the steelmaker announced last week.

Unimacts Announces Expansion Into Mexico

22 November 2019 - Unimacts, a Boston, Mass.-based contract fabricator, has acquired a solar tracking components facility in Mexico.

JFE Steel Forms Joint Venture With Chinese Bar Maker

19 November 2019 - JFE Steel is acquiring a 50% ownership stake in a Chinese special bar producer, giving it an additional foothold in China’s automotive market.

Report: ArcelorMittal Would Return to Ilva…But With Conditions

18 November 2019 - With a few conditions, ArcelorMittal reportedly would be willing to re-commit to its agreement to buy Italy’s Ilva and its Taranto works, according to the Reuters news service.