Steel News

JSW Slows Pace on Teck Resources Coal Unit Deal

22 September 2023 - A diplomatic dispute between Canada and India is said to be slowing JSW Steel’s effort to acquire a stake in Teck Resources’ metallurgical coal unit, according to the Reuters news service.

Report: Stelco Interested in Acquiring U. S. Steel

22 September 2023 - Canada’s Stelco is reportedly pursuing a bid for United States Steel Corporation, Bloomberg has reported.

Report: U. S. Steel, Cleveland-Cliffs at Odds in Sales Process

21 September 2023 - A dispute between Cleveland-Cliffs Inc. and United States Steel Corporation has emerged over a confidentiality arrangement, locking Cleveland-Cliffs out of a sales process that is underway, reports the Reuters news service.

Acquisition Expands Primetals Technologies Cutting Tech Know-How

07 September 2023 - Primetals Technologies has acquired the assets and intellectual property of Spain’s Torch-Cutting Technologies (TCT) in a deal that will complement its offerings in cutting technology.

U. S. Steel Begins Sharing Company Info With Potential Buyers

29 August 2023 - United States Steel Corporation is signing non-disclosure agreements with potential buyers and has started to share due diligence information with them as it reviews its strategic options, the company said Tuesday.

JSW Steel Hoping to Buy Into Canadian Met Coal Operation

25 August 2023 - JSW Steel is looking to acquire a 20% to 40% stake in a Canadian miner’s metallurgical coal business, reports the Bloomberg news service.

Esmark Ends Effort to Acquire U. S. Steel

23 August 2023 - Esmark Inc., the Pennsylvania-based steel processor and distributor that had put down a US$7.8 billion cash offer for United States Steel Corporation, has bowed out of the sales process.

USW Cannot Block Sale of Company, Says U. S. Steel

18 August 2023 - United States Steel Corporation said yesterday that the labor agreement it has in place with the United Steelworkers (USW) does not give the union the right to veto the sale of the company, the Reuters news service reports.

Multiple Offers on Table for U. S. Steel

17 August 2023 - The steelmaker has received two multibillion-dollar offers this week, from Cleveland-Cliffs and Esmark, and sources say ArcelorMittal may be weighing a bid.

Resonac Finalizes Acquisition of AMI Automation

15 August 2023 - Global graphite electrode supplier Resonac Corp. announced today that it has purchased the remaining 50% stake in its joint venture AMI Automation, bringing the automation solutions company under full ownership.

Commercial Metals Acquires Rebar Anchor Specialist

19 July 2023 - Commercial Metals Company (CMC) is expanding its fabrication business, acquiring a company specializing in steel anchors for electrical power poles.

Acquisition Expands Leeco Steel Processing Capabilities

06 July 2023 - Steel plate distributor Leeco Steel has acquired a Texas processor that specializes in plasma and oxy-fuel cutting and machining.

AMI Automation Acquired by Electrodes Manufacturer Resonac Holdings

19 June 2023 - Graphite electrodes maker Resonac Holdings Corp. is exercising an option to fully acquire Mexico’s AMI Automation, a move that will allow it to provide a wider range of services for electric arc furnace (EAF) operators.

ArcelorMittal Finds Buyer for Idled Steel Mill

12 June 2023 - A Trinidad and Tobago company is acquiring ArcelorMittal’s idled Point Lisas facility with plans to restart production within 18 months.

Voortman Steel Machinery Acquires Müller Opladen, Expands Product Lineup

06 June 2023 - CNC steel processing machine builder Voortman Steel Machinery has acquired Germany’s Müller Opladen GmbH, a maker of pipe processing machines.

Under New Ownership, HWI Sports a New Corporate Look

02 June 2023 - Refractories maker HarbisonWalker International (HWI) has unveiled its new brand identity following its February merger with Europe’s Calderys.

Australia’s InfraBuild Lines Up Financing to Acquire Three U.S. Operations

01 June 2023 - InfraBuild, an Australian long products producer owned by Sanjeev Gupta’s GFG Alliance, has secured financing that will allow it to buy three U.S. wire rod operations also owned by GFG Alliance.

Hatch Finalizes Küttner Merger

04 May 2023 - Consulting engineer Hatch has completed its merger with engineering, procurement and construction contractor Küttner, creating a leading European provider of complex engineering and technology services for the metals, energy, and infrastructure market sectors.

Borusan Mannesmann Looks to Expand OCTG Market Share Through U.S. Acquisition

13 April 2023 - U.S. large-diameter line pipe maker Berg Pipe has been sold to Turkey’s Borusan Mannesmann for US$162 million, according to an announcement Thursday.

Outokumpu Exits Stainless Long Steel Market

06 April 2023 - Finnish stainless producer Outokumpu is divesting the last of its long products business, selling its Degerfors and Storfors facilities in Sweden to stainless long steel specialist Cogne Acciai Speciali.