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Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
Ryerson Expands Through US$140M Acquisition
06 June 2018 - Steel processor and distributor Ryerson Holding Corp. has reached to a deal to acquire a metal service center with locations in the eastern and central United States.
Synalloy Expands on Marcegaglia U.S. Pipemaking Acquisition
29 May 2018 - Stainless and alloy pipe maker Bristol Metals LLC is rounding out its acquisition of Marcegaglia’s U.S. manufacturing operation, acquiring its galvanized tube operations near Pittsburgh, Pa., USA for US$10 million. The company also is acquiring the physical plant through a separate sale-leaseback arrangement for an additional US$10 million.
Investment Firm Takes Another Shot at Acquiring Boiler Maker
25 May 2018 - Boiler and pollution control systems maker Babcock & Wilcox Enterprises Inc. said it is reviewing a nonbinding offer for the business from its largest shareholder, Steel Partners Holdings.
Salzgitter Buys Specialty Tube Producer in France
22 May 2018 - Salzgitter Group subsidiary Mannesmann Stainless Tubes GmbH has acquired French stainless tubemaker Société Technique d'Etirage de Précision (SOTEP) for an undisclosed amount, the company has announced.
JSW Steel Reaches Deal to Acquire Italian Long Products Facility
18 May 2018 - JSW Steel has locked up a deal to acquire Italy’s struggling Aferpi long products mill from the Cevital Group, according to reports.
Union Partners Adds Another Service Center to Its Roster
17 May 2018 - Union Partners, a Chicago-based investment firm with a growing portfolio of steel and metals businesses, has acquired Contractors Steel for an undisclosed amount, the firm announced Thursday.
Outokumpu Acquires Full Ownership in Joint Venture Mill
16 May 2018 - Finnish stainless producer Outokumpu is buying out its partner in its joint venture wire rod mill and will take full ownership of the facility.
thyssenkrupp-Tata Tie-Up on Track for June Signing
15 May 2018 - Germany’s thyssenkrupp expects to sign the agreement to merge its steel division with Tata Steel’s European strip business by the end of June, reports S&P Global Platts.
SDI Expands Flat-Rolled Operation Through US$400 Million Acquisition
15 May 2018 - Steel Dynamics Inc. said it will acquire Companhia Siderurgica Nacional’s (CSN) coil processing operation in Terre Haute, Ind., USA, for US$400 million in cash.
EU Regulators Sign Off on ILVA Sale
07 May 2018 - The European Commission has approved ArcelorMittal’s acquisition of Italy’s ILVA, clearing the way for the steelmaker to begin finalizing the deal.
Grupo Simec Reaches Deal to Acquire Brazilian Long Products Mills
06 May 2018 - ArcelorMittal Brazil has struck a deal to sell two mills and wire drawing equipment to Mexican long products producer Grupo Simec, fulfilling an agreement with Brazilian competition regulators.
Electrosteel Acquisition Wins Tribunal Approval
17 April 2018 - Indian officials have approved ore miner Vedanta Resources' offer to acquire Electrosteel Steels Ltd., becoming the first of 12 companies forced into insolvency by India’s central bank to reach this stage.
ArcelorMittal Prepared to Sacrifice European Flat-Rolled Units to Acquire ILVA
13 April 2018 - ArcelorMittal is offering to divest facilities in six European countries in order to resolve anti-competition concerns arising from its planned acquisition of Italy’s ILVA.
Investment Firm Adds Ontario Service Center to Portfolio
12 April 2018 - Chicago-based private equity firm Union Partners has acquired an Ontario service center and toll processor for an undisclosed amount.
Labor Talks Delay thyssenkrupp, Tata Steel Tie-Up
12 April 2018 - Ongoing labor negotiations between Tata Steel and its workers in the United Kingdom and the Netherlands are delaying its planned joint venture with Germany’s thyssenkrupp, reports the Reuters news service.
Report: Tata Receptive to Holding Majority Share in thyssenkrupp Joint Venture
06 April 2018 - Tata Steel is open to taking a majority stake in its planned joint venture with thyssenkrupp, a sign that the Indian steelmaker is committed to growing internationally, reports the Reuters news service.
Tin Mill Products Distributor Sold to Olympic Steel
04 April 2018 - Ohio-based service center Olympic Steel Inc. has acquired tin mill products processor and distributor Berlin Metals for an undisclosed amount, the company has announced.
Gerdau Finalizes Divestment of Texas Mill
03 April 2018 - Gerdau SA has completed the sale of its Beaumont, Texas, wire rod mill and two downstream facilities to an entity affiliated with Florida-based Wire Mesh Corp.
JSW Steel Expands U.S. Presence with Sheet Mill Acquisition
29 March 2018 - India’s JSW Steel is acquiring the operator of a former Wheeling-Pittsburgh Steel mill in Ohio for about US$81 million, reports The Hindu newspaper.
German Labor Union Raises New Concern Over Tata-thyssenkrupp Joint Venture
29 March 2018 - A new obstacle is emerging in the planned Tata Steel-thyssenkrupp AG joint venture, as German unions are voicing displeasure over a labor guarantee that Tata’s Dutch unit could continue to operate independently past the tie-up.
