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Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
British Ministers: Steel Industry Essential to National Security, Move to Nationalize British Steel
02 April 2026 - British Ministers paved the way to nationalize British Steel last week when it initiated efforts to establish the steel industry as essential to national security; alternatively, it could set the company’s owner, Jingye, a deadline for a deal to close, reported the Guardian.
Tenaris Completes Acquisition of AllTorque’s Oilfield Division
26 March 2026 - Tenaris has acquired AllTorque’s oilfield division, an original equipment manufacturer recognized for its tubular running technology, the company announced.
Nippon Steel Obtains 900 Billion Yen for U. S. Steel Acquisition
20 March 2026 - Nippon Steel announced it has secured loans of 900 billion yen from the Japanese Bank for International Cooperation (JBIC) and other Japanese lenders to go toward its acquisition of United States Steel Corporation.
Klöckner & Co SE Management, Supervisory Boards Back Amended Worthington Steel Acquisition Offer
13 March 2026 - Klöckner & Co SE’s management and supervisory boards announced their continued support of Worthington Steel Inc.’s takeover offer after they lowered the minimum acceptance threshold.
Tenaris Acquires Beaver Falls Scrap Yard
09 March 2026 - Tenaris announced it has successfully acquired the Beaver Falls, Pa., USA, scrap yard and transitioned it to its subsidiary Steel Recycling Services.
Jingye Rejects UK Government’s Offer to Take Control of British Steel
09 March 2026 - Jingye has rejected an offer of between £50 million to £100 million from the U.K. government aiming to take control of British Steel, reported the Times.
Flacks Group Eyes Placing Bid on thyssenkrupp Steel Division If Talks With Jindal Steel Fall Through
05 March 2026 - U.S. investment fund Flacks Group would submit a bid for the steel division of thyssenkrupp if current talks with Jindal Steel fall through, indicated Michael Flacks, chief executive officer of Flacks Group, while speaking with Reuters.
BlueScope Opens Door to Discuss Takeover Proposal From SGH, Steel Dynamics
26 February 2026 - BlueScope has asked for further clarification on the takeover proposal from SGH Ltd. and Steel Dynamics Inc., providing a basis on which the company would be willing to discuss further.
SGH, Steel Dynamics Submit Another Takeover Proposal to Buy Out BlueScope
18 February 2026 - Australian steelmaker BlueScope Steel Ltd. is reviewing a revised, US$11 billion cash takeover offer from Steel Dynamics Inc. and partner SGH Ltd.
