Steel News

Report: Consortium Bids EUR1.6 Billion for Europe's Largest Steel Works

17 March 2017 - ArcelorMittal and partner Marcegaglia are offering 1.6 billion euros for Italy's Ilva steel works, outbidding a rival consortium, reports the Reuters news service.

Investment Firm Acquires Two Heat Treatment Businesses, Looks to Expand Operations

16 March 2017 - Long products producer Gerdau SA has agreed to sell two U.S. metal processing businesses for an undisclosed amount.

Italian Government Receives Two Offers for Europe's Largest Steel Works

08 March 2017 - Two consortiums have submitted binding offers for Italy’s ailing Ilva steel group and its Taranto steel works, Europe’s largest steel plant., according to reports

Nucor Adds to Steel Fabrication Business in Canada

02 March 2017 - Nucor Corp. has acquired the assets of Omega Joist, a Canadian manufacturer of open-web steel joists, for an undisclosed amount.

Completed Acquisition Expands Synalloy Subsidiary's Capacity, Capabilities

02 March 2017 - Synalloy Corp. subsidiary Bristol Metals has closed on its US$14.95 million acquisition of Marcegaglia USA’s pipe and tube operation in Pittsburgh, Pa., USA. The completed merger forms North America’s largest domestic producer of welded stainless pipe and mechanical tube, the company announced on Wednesday.

Conveyor Roller Manufacturer Sold to Canada's Metal 7

02 March 2017 - Enduride, a Canadian manufacturer of conveyor rollers and idlers, has been acquired for an undisclosed amount, according to an announcement.

Essar Algoma CEO Expects Company to Exit Creditor Protection by Spring

28 February 2017 - Essar Steel Algoma president and chief executive Kalyan Ghosh said he believes his company will exit creditor protection by the end of March, just as its debtor-in-possession financing expires.

Two Steelmakers Merge Brazilian Long Products Operations

24 February 2017 - ArcelorMittal Brazil is acquiring Latin American producer Votorantim SA’s Brazilian long steel business, according to announcements from the companies.

Acquisition Extends Zekelman Industries' Reach in Hollow Structural Sections Market

23 February 2017 - Pipe and tube producer Zekelman Industries has acquired Alabama, USA-based American Tube Manufacturing Inc. for an undisclosed amount, Zekelman Industries has announced.

With a Deal to Divest Its Brazilian Mill, thyssenkrupp Exits Steelmaking in the Americas

22 February 2017 - thyssenkrupp AG is ending its decade-long steelmaking venture in the Americas, agreeing to sell its integrated mill in Brazil to Latin American producer Ternium for US$1.33 billion (EUR1.26 billion).

Ryerson Enhances Stainless Processing Business Through Acquisition

21 February 2017 - Metals distributor and processor Ryerson Holding Corp. has acquired Guy Metals Inc., a privately owned metals service center in Hammond, Wis., USA.

Zekelman Industries Finalizes Acquisition of Western U.S. Tubemaker

20 February 2017 - Zekelman Industries has closed on its acquisition of Western Tube & Conduit Corp. from Japan’s Nippon Steel & Sumitomo Metal Corp. and minority shareholders, the company has announced.

Tata Strikes Deal to Divest U.K. Specialty Steel Business

10 February 2017 - Tata Steel has reached an agreement to sell its U.K. specialty steel business to metals entrepreneur Sanjeev Gupta and his Liberty House Group for 100 million pounds, Tata has announced.

Stainless Producer Sheds Indiana Plate Mill

25 January 2017 - Outokumpu has divested its Indiana quarto plate mill for approximately EUR28 million, the stainless steelmaker has announced.

Tenova Acquires U.S.-Based Material Handling Systems Business

17 January 2017 - Tenova TAKRAF has acquired the assets of FMC Technologies’ materials handling systems unit for an undisclosed amount, the company has announced.

Tata Negotiating Pay-Out to End pension Fund Guarantee Held on Steel Plant

13 January 2017 - Trustees of Tata Steel’s U.K. pension fund are negotiating a potential pay-out from the steelmaker in exchange for releasing a guarantee held on its Dutch steel works, according to reports.

Danieli Acquires Italian Robotics Company

12 January 2017 - Danieli has acquired Italy’s Telerobot Labs, which designs and builds robotic systems for a number of fields, the equipment manufacturer has announced.

Commercial Metals Adds Scrap Capacity in Southeastern U.S.

12 January 2017 - A subsidiary of long products manufacturer Commercial Metals Co. has an agreement to acquire seven scrap facilities from OmniSource Corp., the company has announced.

Altra Industrial Finalizes Purchase of Clutches and Brakes Maker

06 January 2017 - U.S.-based Altra Industrial Motion Corp. has closed on its deal to acquire the Stromag unit of Britain’s GKN plc.

Konecranes Finalizes Terex Deal, Targets EUR140 Million in Synergies

04 January 2017 - Konecranes has closed on its deal to acquire the material handling and port solutions business of U.S.-based Terex Corp., the company has announced.