Steel News

Quaker Chemical, Houghton International Merger Finalized

08 August 2019 - Industrial fluids makers Quaker Chemical Corp. and Houghton International have completed their merger, forming a business with US$1.6 billion in revenue and 4,000 employees.

AIC Buys Long Products Equipment Maker

30 July 2019 - Italian automation and robotics firm Automazioni Industriali Capitanio (AIC) has acquired the assets of an Italy-based manufacturer of long products hot rolling machines.

Tata Steel Not Seeking Partner for European Mills

18 July 2019 - After seeing its European venture with thyssenkrupp collapse, Tata Steel had hinted that it might look for a new partner. But a new agreement is apparently not in the cards at the moment, reports Indian financial website moneycontrol.com.

Primetals Technologies to Acquire One of Its Suppliers

18 July 2019 - Mitsubishi Heavy Industries and Primetals Technologies are acquiring ABP Induction Systems, a manufacturer of induction furnaces and heating systems, for an undisclosed amount, the companies have announced.

Nippon Steel Plans Divestments to Raise Cash

15 July 2019 - Japan’s Nippon Steel Corp. plans to sell off as much as US$1.85 billion worth of assets to help pay for its acquisition of Essar Steel in India and other things, reports The Nikkei Asian Review.

Mississippi Lime Expands Through Acquisition

08 July 2019 - Mississippi Lime Co. is acquiring a Calera, Ala., lime processing facility for US$135 million in cash.

Liberty Finalizes Acquisition of European Mills

02 July 2019 - Sanjeev Gupta’s Liberty Steel has closed on its EUR740 million acquisition of several ArcelorMittal Europe steel plants, completing a deal that establishes Liberty as one of the biggest steelmakers in the continent.

Investors Look to Revive Former U. S. Steel Tube Mill

02 July 2019 - A group of investors has acquired a dormant tube mill in Bellville, Texas, and plan to resume production in the third quarter of this year.

Liberty Steel Acquires Pennsylvania Wire Maker

13 June 2019 - Pennsylvania-based Johnstown Wire Technologies (JWT) has been sold to Sanjeev Gupta's Liberty Steel USA for an undisclosed amount, the company has announced.

Steel Industry Could See Uptick in Mergers

13 June 2019 - Senior steel executives remain optimistic about their prospects for near-term growth and are looking to mergers and acquisitions as a key driver of that growth, according to an annual survey from corporate finance and strategic advisory firm Headwall Partners.

EU Says No to Tata, thyssenkrupp Deal

13 June 2019 - The European antitrust regulators have blocked thyssenkrupp and Tata Steel’s proposed European joint venture, officially ending a deal the companies decided to scrap last month.

The World’s Second-Largest Steelmaker Could Soon Become the Largest

04 June 2019 - Baowu Steel Group, the world’s second-largest steelmaker, is acquiring a majority stake in a smaller rival, a move that could propel Baowu to the No. 1 spot within the next few years.

ATI Divests Indiana, Kentucky Forges

04 June 2019 - Allegheny Technologies Inc. has sold two closed-die forging facilities to a Chicago private equity firm for US$37 million in cash, the company said.

Lab Equipment Maker Expands Product Portfolio Through U.S., Japan Acquisition

04 June 2019 - Laboratory and analytical instruments manufacturer Verder Group is expanding its product portfolio in particle and surface analysis equipment, acquiring Microtrac Inc. and MicrotracBEL from Nikkiso Co. Ltd.

Tata, thyssenkrupp Joint Venture Plan Falls Apart

10 May 2019 - Tata Steel and thyssenkrupp have all but called off plans to combine their European strip businesses, saying that they believe the deal is not likely to win approval from antitrust regulators.

Union Partners Acquires Tube Maker, Fabricator

04 April 2019 - Illinois-based metals investment firm Union Partners has acquired steel tubing producer and fabricator National Metalwares for an undisclosed amount, the firm announced Thursday.

Report: Tata, thyssenkrupp Offer List of Assets to Sell, Hope to Satisfy Competition Concerns

04 April 2019 - Tata Steel and thyssenkrupp are willing to divest assets in Belgium, Spain and the U.K. to win anti-trust approval for their proposed European int venture, reports the Bloomberg news service.

Tenaris Expands in U.S. Through US$1.2B Deal

22 March 2019 - Tenaris has signed an agreement to acquire PAO TMK’s North American pipe and tube business for US$1.2 billion.

CMC Sees Q2 Profits Increase; Eyes Investments in New Rebar Facilities

22 March 2019 - Scrapper and long steel manufacturer Commercial Metals Company saw its second-quarter profits rise despite lower scrap prices and shipments, the company reported.

Report: Tata Proposes Divestiture to Win OK for thyssenkrupp European Joint Venture

21 March 2019 - Tata Steel reportedly is willing to sacrifice parts of its steel packaging operations in Europe to gain regulatory approval for its planned joint venture with thyssenkrupp, reports the Reuters news service.