Steel News

SDI Grows Mexican Scrap Capacity Through Acquisition

04 October 2022 - Steel Dynamics Inc. has finalized its acquisition of Mexican metals recycler ROCA ACERO S.A. de C.V., completing a deal that adds 850,000 gross tons of processing capacity to its raw materials assets.

Commercial Metals Company Expands Internal Scrap Supply

19 September 2022 - Long products maker Commercial Metals Company (CMC) has acquired a California-based scrap processor and broker to help secure an in-house supply for its expanding Arizona operations.

AM/NS Agrees to Buy Infrastructure Assets for US$2.5B

26 August 2022 - Joint venture AM/NS India is acquiring port and energy assets from Essar Group for US$2.4 billion, the companies said on Friday.

Gerdau North America Expands Rail Offerings

05 August 2022 - Gerdau’s North American long steel division has closed its acquisition of a rail products manufacturing operation in Quebec, Canada, the company said Friday.

ArcelorMittal Acquiring 3M Metric Tons of Slabmaking Capacity in Brazil

28 July 2022 - ArcelorMittal is acquiring Brazilian slab producer Companhia Siderúrgica do Pecém (CSP) for approximately US$2.2 billion, the steelmaker said on Thursday.

Fives Supplies Electric Steel Cold Rolling Mills to Baowu

13 July 2022 - China's Baowu Group contracted global industrial engineering group Fives for the design and supply of two reversible cold rolling mills with automatic roll change for production of electric steel at Baoshan and Wuhan production sites.

Outokumpu Divests Majority of Long Products Segment to Marcegaglia

13 July 2022 - Finnish steelmaker Outokumpu has signed an agreement to divest the majority of its Long Products business to Italy’s Marcegaglia Steel Group.

Tenaris to Acquire Benteler Steel

11 July 2022 - Tenaris SA announced last week it would acquire U.S. seamless steel pipe producer Benteler Steel & Tube Manufacturing Corp. for US$460 million, according to the Reuters news service.

ArcelorMittal Finalizes HBI Plant Purchase

07 July 2022 - ArcelorMittal has completed its acquisition of a majority stake in a Texas hot briquetted iron (HBI) plant, the company reports.

Nucor Finalizes US$3 Billion Acquisition

24 June 2022 - Nucor Corp. has closed on its US$3 billion acquisition of C.H.I. Overhead Doors, completing a sale that expands its downstream steel products business.

Nucor Adds Metal Utility Poles to Its List of Construction Products

07 June 2022 - Nucor Corp. is expanding its portfolio of downstream steel products businesses, announcing Tuesday that it is acquiring a maker of metal utility and highway signage poles.

Acerinox Halts Merger Discussions With Rival

07 June 2022 - Stainless steel maker Acerinox has ended merger discussions with Aperam, reports the Reuters news service.

Nucor Expands Construction Products Business Through US$3 Billion Acquisition

16 May 2022 - Nucor Corp. announced today it has entered into an agreement to acquire residential and commercial overhead door maker C.H.I. Overhead Doors (C.H.I.) in a cash deal valued at US$3 billion.

SDI to Acquire Mexican Scrap Recycler

16 May 2022 - Steel Dynamics Inc. today announced it has entered into an agreement to acquire the equity interest of scrap metals recycling business ROCA ACERO S.A. de C.V. ("ROCA"), based in Monterrey, Mexico.

Al Tanmiya Sells Iraqi Steel Plant

27 April 2022 - Jordan's Al Tanmiya Steel has completed the sale of its steel operations in Al-Zubair, Basra, Iraq, for US$195 million, according to Iraq-Business News.

ArcelorMittal Acquires Majority Stake in voestalpine’s Texas HBI Plant

14 April 2022 - Luxembourg-based steelmaker ArcelorMittal announced today it has acquired an 80% stake in voestalpine’s hot briquetted iron (HBI) facility in Corpus Christi, Texas, USA.

BlueScope Expands Painting Operations With Acquisition of Coil Coatings

11 April 2022 - The company announced today that it has entered into an agreement to acquire Coil Coatings, the second largest metal painter in the U.S., from Cornerstone Building Brands Inc. for US$500 million.

New Acquisition Expands Nucor’s Steel Racking Offerings

05 April 2022 - The steelmaker announced today that it has acquired Elite Storage Solutions, a steel racking manufacturer with locations in Georgia and Arizona, for US$75 million.

Nippon Steel Acquires Majority Stakes in Thai Steelmakers

05 April 2022 - Nippon Steel has acquired majority stakes in two steelmakers in Thailand, G Steel PCL and G J PCL, the company announced Monday.

DeSHAZO Acquires Integrated Machinery Solutions

08 March 2022 - Integrated Machinery Solutions (IMS), located in Azle, Texas, USA, was acquired by DeSHAZO, according to a press release.