Steel News

Sandvik Acquires Osa Demolition Equipment

01 July 2025 - Sandvik announced it has completed the acquisition of Italy-based manufacturer of demolition tools and hydraulic hammers, Osa Demolition Equipment S.r.I (OSA).

RHI Magnesita, BPI Inc. Partner to Accelerate Circular Economy and Sustainability

30 June 2025 - Refractories maker RHI Magnesita is acquiring a majority stake in BPI Inc., a Pittsburgh, Pa., USA-based minerals processor and supplier of refractory raw materials.

Atlas Holdings to Acquire EVRAZ North America

30 June 2025 - EVRAZ North America is being sold to a Connecticut-based private equity fund, ending three years of uncertainty around the steelmaker's future.

Swanson Industries Acquires TransAxle’s Off-Highway Business

27 June 2025 - Swanson Industries Inc., portfolio company of Turnspire Capital Partners LLC, announced it has acquired the off-highway business of TransAxle Holdings LLC.

Ascent Industries to Sell American Stainless Tubing

27 June 2025 - Specialty chemicals producer and distributor Ascent Industries Co. announced it has entered into an asset purchase agreement to sell its ornamental stainless steel tubing manufacturer subsidiary American Stainless Tubing LLC (ASTI) to First Tube LLC.

ANDRITZ to Complete Acquisition of Salico Group

26 June 2025 - ANDRITZ has signed an agreement to acquire Italy- and Spain-headquartered Salico Group, along with its subsidiaries in the U.K., U.S. and India.

ArcelorMittal Sells Operations in Bosnia and Herzegovina

20 June 2025 - ArcelorMittal announced today it has sold its integrated steel plant ArcelorMittal Zenica and iron ore mining business which supplies its Zenica plant ArcelorMittal Prijedor to Pavgord Group.

ArcelorMittal Acquires Nippon Steel’s Interest in AM/NS Calvert

18 June 2025 - ArcelorMittal announced today that it has acquired Nippon Steel Corp.’s 50% equity stake in AM/NS Calvert, true to the equity purchase agreement the companies made last year subject to Nippon Steel completing its acquisition of United States Steel Corporation.

Nippon Steel, U. S. Steel Finalize US$14.9 Billion Acquisition

18 June 2025 - Nippon Steel Corp and United States Steel Corporation on Wednesday finalized their US$14.9 billion merger, cementing a historic partnership that is expected to bring billions of dollars in new investment to U. S. Steel's facilities.

Trump Approves Nippon Steel’s US$14.9 Billion Purchase of U. S. Steel

16 June 2025 - U.S. President Donald Trump has approved Nippon Steel’s US$14.9 billion bid for United States Steel Corporation after both companies signed an agreement with the Treasury Department resolving national security concerns, reported Reuters.

Report: Trump Says U.S. Has “Golden Share” in U. S. Steel

13 June 2025 - U.S. President Donald Trump said part of a potential deal for Nippon Steel to buy United States Steel Corporation includes the U.S. having a “golden share” in the company, Reuters reported.

Trump Says He's Supporting Nippon Steel-U.S. Steel 'Partnership'

27 May 2025 - President Donald Trump appears to be backing Nippon Steel’s acquisition of United States Steel Corporation, stating in a Truth Social post that the “planned partnership” will create thousands of jobs and inject billions into the economy.

Steel Industry Awaits Trump Decision on U. S. Steel

22 May 2025 - The Committee on Foreign Investment in the United States has forwarded a recommendation on the United States Steel Corporation and Nippon Steel Corp. merger, but details of the recommendation have not been disclosed, the Reuters news service reports.