Steel News

JSW Buys Into Australian Met Coal Miner

14 August 2024 - JSW Steel Ltd. is taking an indirect stake in Australian metallurgical coal miner Illawarra Metallurgical Coal and will sign an offtake contract with the business, the company has announced.

ArcelorMittal Completes Vallourec Transaction

07 August 2024 - ArcelorMittal has finalized its acquisition of a EUR955 million stake in tubemaker Vallourec.

China to Provide Financial Support for Hungarian Steel Works Revamp

05 August 2024 - The China Export and Credit Insurance Corp. (Sinosure) is underwriting EUR1.3 billion in loans that will pay for two new electric arc furnaces at Liberty Steel Group’s Dunaujvaros plant in Hungary.

Nippon Steel Remains Confident in U. S. Steel Acquisition

05 August 2024 - Nippon Steel Corp. has reiterated its belief that will finalize its proposed acquisition of United States Steel Corporation by year’s end.

U. S. Steel Takes Its Merger Case to Voters

29 July 2024 - United States Steel Corporation has turned to a new tactic as it pushes to brings its US$14.9 billion merger with Nippon Steel Corp. to fruition: pitching the public directly.

TT Iron Steel Closes on Point Lisas Acquisition

29 July 2024 - Iron Steel Co. Ltd. has closed on its acquisition of a former ArcelorMittal iron and steel plant in Trinidad and Tobago.

Nippon Steel Sells Stake in Chinese JV

23 July 2024 - Japan’s Nippon Steel Corp. is pulling out of its Chinese joint venture with Baoshan Iron & Steel, ending a 20-year relationship.

Former U.S. Secretary of State Mike Pompeo Teams with Nippon Steel

22 July 2024 - Nippon Steel Corp. has enlisted the help of former U.S. Secretary of State Mike Pompeo as it works toward finalizing its US$14.9 billion acquisition of United States Steel Corporation, accord to the Reuters news service.

Report: Justice Department to Further Scrutinize Nippon Steel-U. S. Steel Deal

11 April 2024 - The U.S. Justice Department has initiated an in-depth antitrust investigation of Nippon Steel’s planned acquisition of United States Steel Corporation, according to a report in Politico.

Japan Prime Minister Hopes for Positive Outcome to U. S. Steel Acquisition

10 April 2024 - Japan Prime Minister Fumio Kishida expressed hope Wednesday that the Nippon Steel acquisition of United States Steel Corporation will come to pass.

Nucor Grows Downstream Products Capabilities

04 April 2024 - Nucor Corp. is expanding its downstream products footprint, acquiring Southwest Data Products Inc. (SWDP), a manufacturer and installer of data center infrastructure, for US$115 million.

RHI Magnesita to Expand U.S. Footprint Through Acquisition

03 April 2024 - Refractories maker RHI Magnesita (RHIM) is acquiring U.S.-based Resco Group in a bid to expand its U.S. manufacturing footprint.

Ascometal Terminates Sales Negotiation With Acciaierie Venete

28 March 2024 - Swiss Steel’s plan to sell off several of its Ascometal subsidiary steel works in France has come to a halt, The Swiss Times reported yesterday.

Nippon Steel: We Would Make Pittsburgh Our U.S. HQ

21 March 2024 - Nippon Steel is promising to move its U.S. headquarters from Texas to Pittsburgh, Pa., should its planned acquisition of United States Steel Corporation come to pass, the Reuters news service reports.

Finkl Steel Parent Might Put Company on Sales Block

20 March 2024 - Swiss Steel Group is weighing whether to divest its specialty steel arm in North America, reports Recycling Today.

‘Our Transaction Delivers Clear Benefits to U. S. Steel,’ Says Nippon Steel

18 March 2024 - Nippon Steel Corp. is reiterating what it says are the benefits of its planned acquisition of United States Steel Corporation, arguing that the deal would bolster U.S. supply chains.

Biden Weighs in on U. S. Steel Acquisition

14 March 2024 - U.S. President Joe Biden is opposed to Nippon Steel Corp.’s planned acquisition of United States Steel Corporation, saying Thursday that it is important that the U.S. maintain “strong American steel companies powered by American steel workers,” according to the Associated Press.