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Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
Stelco Acquisition Clears Another Regulatory Hurdle
09 October 2024 - Canadian antitrust regulators have given the green light to Cleveland-Cliffs Inc.’s acquisition of Ontario-based Stelco.
Justice Department OKs Cliffs-Stelco Deal
09 October 2024 - The sale of Canadian steelmaker to U.S.-based Cleveland-Cliffs Inc. has cleared a U.S. Justice Department antitrust review, Cliffs announced on Tuesday.
Jindal Group to Acquire Czech Republic’s Vítkovice Steel
09 October 2024 - Czech plate producer Vítkovice Steel is being acquired by India’s Jindal Group, which plans to invest up to EUR150 million in the Ostrava company.
U. S. Steel: Nippon Steel Merger Will Bring Significant Economic Gains to Pennsylvania
02 October 2024 - United States Steel Corporation estimates that a promised investment in its Mon Valley Works would translate into nearly US$1 billion in incremental economic impact to Pennsylvania over the next two years.
Harris: Domestic Ownership of U. S. Steel Trumps Potential Job Losses
26 September 2024 - U.S. presidential candidate Kamala Harris on Wednesday reiterated her support for a domestically owned United States Steel Corporation, saying that control of the company outweighs the potential for job losses, reports the Bloomberg news service.
Arbitration Panel Rules For U. S. Steel in Merger Dispute
25 September 2024 - Arbitrators have sided with United States Steel Corporation in a union dispute over the execution of its planned merger with Nippon Steel Corp.
Nippon Steel to Sell Stake in POSCO
24 September 2024 - Nippon Steel Corp. will divest its US$823 million stake in South Korea’s POSCO Holdings Inc., a move that it says will “improve asset efficiency through asset compression.”
Stelco Merger Receives OK from Provincial Court, Shareholders
19 September 2024 - A Canadian court and Stelco shareholders have approved a planned sale of the company to Cleveland-Cliffs Inc., according to company announcements.
Report: Decision on U. S. Steel Acquisition Likely to Come After Election
18 September 2024 - Nippon Steel Corp. has won permission to refile its plan for acquiring United States Steel Corporation, an action that will likely delay a decision on the merger until after the November election, reports the Bloomberg news service.
EAF Components Supplier Erie Copper Acquired
18 September 2024 - Combustion solutions provider American Combustion International (ACI) has acquired Ohio-based Erie Copper Works, a strategic deal that will expand the company’s product lineup.
SEC Fines Esmark, Bouchard Over U. S. Steel Offer
06 September 2024 - Esmark Inc. and its chairman will pay US$600,000 to settle Securities and Exchange Commission (SEC) charges that they made an offer to buy United States Steel Corporation despite having the financial wherewithal to complete such a deal.
Harris Joins Biden in Opposing U. S. Steel Sale
03 September 2024 - U.S. Vice President Kamala Harris said she disapproves of Nippon Steel Corp.’s planned acquisition of United States Steel Corporation, arguing that the company should remain domestically owned.
Nippon Steel Promises Additional Investment in Mon Valley, Gary Works
29 August 2024 - Nippon Steel Corp. plans to invest an additional US$1.3 billion, if not more, in United States Steel Corporation’s Mon Valley and Gary works, should it finalize its acquisition of the iconic American steelmaker.
CONSOL, Arch Agree to Join Forces
21 August 2024 - Coal miners Arch Resources Inc. and CONSOL Energy Inc. have agreed to merge, creating a US$5 billion company producing both high-quality thermal and metallurgical coal.
Trump Again Pledges to Halt U. S. Steel-Nippon Steel Deal
21 August 2024 - Donald Trump reiterated a campaign promise to block Nippon Steel Corp.’s acquisition of United States Steel Corporation during a campaign stop in central Pennsylvania.
