Steel News

CMC Expands Downstream Construction Reinforcement Business

21 March 2023 - Commercial Metals Company (CMC) has acquired Georgia-based post-tensioning contractor Tendon Systems LLC for an undisclosed amount, the company has said.

ArcelorMittal Takes Ownership of Brazilian Slab Plant

15 March 2023 - ArcelorMittal has finalized its acquisition of Brazil’s Companhia Siderúrgica do Pecém (CSP) for an enterprise value of approximately US$2.2 billion, the steelmaker has said.

CMC Acquires Two Tennessee Scrap Yards

06 March 2023 - Commercial Metals Company (CMC) is expanding its internal scrap supply, announcing Friday that it has acquired the assets of Tennessee metals recycler Roane Metals Group.

Acquisition Expands Morgan Engineering's Shop Capacity

28 February 2023 - Morgan Engineering has acquired the assets of Ohio-based Girard Machine, a move that expands Morgan Engineering’s fabrication and machining capacity.

Flack Global Metals New Investment Arm Buys Building Products Fabricator

23 February 2023 - Flat-rolled distributor and metals trader Flack Global Metals (FGM)has agreed to acquire metal roofing and wall maker Fabral for an undisclosed amount.

Investment Firm Completes HarbisonWalker Acquisition

22 February 2023 - Private equity investor Platinum Equity has closed on its acquisition of HarbisonWalker International, launching a new era for the refractories maker.

Salzgitter Completes Acquisition of German Recycler

20 February 2023 - Salzgitter AG’s scrap and alloys subsidiary Deutsche Erz- und Metall-Union has acquired Germany’s Must-Metalle-Container-Recycling.

Heraeus Acquires Steel Plant AI Specialist

16 February 2023 - Molten metal sensors and measurement specialist Heraeus Electro-Nite has acquired a majority position in German startup Smart Steel Technologies (SST).

Acquisition Expands Spraying Systems Offerings

09 February 2023 - U.S.-based industrial spray nozzle maker Spraying Systems Co. has acquired Cloud Co., a manufacturer of rotating, fluid-driven, spray-washing devices for cleaning tank interiors.

Germany’s Deurotech Expands Offerings Through Oschatz Acquisition

08 February 2023 - Germany’s Deurotech Group has acquired waste heat boiler and waste gas cooling systems specialist Oschatz Energy and Environmental GmbH and renamed the business Oschatz Power.

BENTELER Halts North American Tube Mill Sale

06 February 2023 - BENTELER Group has called off the sale of its Shreveport, La., USA, tube plant to Tenaris, citing strategic and economic reasons.

Timken Acquires American Roller Bearing

02 February 2023 - Bearings maker The Timken Co. has acquired the assets of American Roller Bearing Co. (ARB) for an undisclosed amount, the company has announced.

Hotwork USA Now a Part of German Industrial Services Provider

01 February 2023 - Lexington, Ky.-based refractory dry-out and heat-up specialist Hotwork USA LLC has joined the ROBUR Industry Service Group, expanding the industrial furnace services the group is able to offer.

Outokumpu Finalizes Sale of Long Products Unit

03 January 2023 - Outokumpu has completed the sale of its stainless long products business to Marcegaglia after competition regulators approved the deal.

Olympic Steel Expands Through US$131 Million Acquisition

03 January 2023 - Olympic Steel Inc. has acquired steel venting and filtration products fabricator Metal-Fab Inc. for US$131 million, the company has announced.

HarbisonWalker Agrees to Be Acquired by Private Equity Firm

16 December 2022 - Refractories maker HarbisonWalker International is being acquired by a private equity firm that plans to expand the manufacturer's reach by combining it with a refractories producer in Europe.

Gerdau Invests in Solar, Wind Energy Developer

01 December 2022 - Gerdau is taking a stake in renewable energy producer Newave Energia as a way to support its decarbonization goals, according to a company announcement.

LIBERTY Steel Buys Asian EAF Mill, Plans to Relocate Equipment to Europe

29 November 2022 - LIBERTY Steel Group is acquiring KG Steel’s Dongbu plant in South Korea and intends to move the equipment to Romania, the company has announced.

Australian Long Products Maker Sets Sights on U.S. Wire Rod Assets

17 November 2022 - Australian long products manufacturer InfraBuild intends to acquire the U.S. wire rod arm of its parent company, GFG Alliance.

CMC Adds Scrap Capacity in Texas

16 November 2022 - Commercial Metals Company (CMC) has acquired a Galveston, Texas, USA, scrap recycler, bringing an additional 55,000 tons of ferrous and non-ferrous scrap under its roof.