Steel News

SKF Acquires Rubico Consulting AB

07 September 2021 - SKF announced today that they have completed their acquisition of Rubico Consulting AB, an industrial consultancy firm.

Nucor Brings Steel Racking Maker Into the Fold

24 August 2021 - Nucor Corp. has finalized its US$370 million acquisition of steel racking maker Hannibal Industries, the steelmaker announced on Monday.

New Chinese Merger Creates Third-Largest Steelmaker in the World

23 August 2021 - China’s Anshan Iron & Steel has officially acquired Benxi Iron & Steel, creating the third-largest steelmaker in the world and the second-largest in China, reports S&P Global Platts.

Sale of American Zinc Recycling Closes

20 August 2021 - Befesa S.A., a provider of hazardous waste recycling services, closed its US$450 million purchase of American Zinc Recycling Corp. (AZR) and now owns 100% of the business.

Merit Steel USA Acquired by Majestic Steel USA

20 August 2021 - Majestic Steel USA Inc. announced the acquisition of the West Coast-based Merit Steel USA.

ATI Sells Off Flowform Products Business

18 August 2021 - Allegheny Technologies Inc. (ATI) announced this week the sale of its Flowform Products business unit to Consolidated Boring Inc. for US$55 million in cash.

Tata Steel Expresses Interest in Purchasing RINL

18 August 2021 - According to its chief executive, Tata Steel is interested in acquiring state-owned Rashtriya Ispat Nigam Ltd. (RINL).

Schnitzer Steel Acquires Eight Scrap Yards, Restarts Cascade Steel Meltshop

18 August 2021 - Oregon-based Cascade Steel Rolling Mills is restarting production following a May 2021 meltshop fire as its corporate parent looks to close an acquisition of a southeastern U.S. scrap recycler.

Nucor Completes Purchase of Insulated Metal Panels Business

11 August 2021 - Nucor Corp. has officially acquired Cornerstone Building Brands’ insulated metal panels (IMP) business for a price tag of around US$1 billion, the steelmaker announced yesterday.

SHS Group Acquires LIBERTY Steel’s French Operations

09 August 2021 - The parent company of Saarstahl and Dillinger have officially added two of LIBERTY Steel’s mills in France to its holdings, the company has announced.

Reliance Steel & Aluminum Co. to Acquire Merfish United

05 August 2021 - Reliance Steel & Aluminum Co. announced Wednesday that it has entered into a definitive agreement to acquire tubular building products distributor Merfish United.

thyssenkrupp Divests Mining Business

03 August 2021 - thyssenkrupp has sold off its mining arm in line with its ongoing restructuring efforts, the company announced last Friday.

Nucor to Acquire Steel Racking Manufacturer in US$370M Deal

20 July 2021 - Nucor Corp. is expanding its portfolio of downstream businesses, announcing Tuesday that it will acquire racking manufacturer U.S.-based Hannibal Industries for US$370 million.

China Baowu Steel Could Grow Even Larger

19 July 2021 - The world’s largest steel producer could reinforce its position through a potential acquisition of another Chinese producer, reports Nikkei Asia.

American Zinc To Be Acquired Through US$450M Deal

17 June 2021 - Mill environmental services contractor American Zinc Recycling is being sold to Luxembourg-based Befesa S.A., giving it its first North America operation and a foothold in the growing EAF steelmaking market in United States.

Industry Services Expands Through Acquisition

15 June 2021 - Refractory maintenance contractor Industry Services Co. has acquired three U.S. and Canadian refractory and industrial maintenance services companies.

Nucor Makes US$1B Acquisition in Construction Products Market

07 June 2021 - Nucor Corp. is taking a bigger step into the downstream construction market, announcing Monday that it has an agreement to acquire Cornerstone Building Brands’ insulated metal panel (IMP) business for US$1 billion in cash.

Merger Will Make Algoma Steel Publicly Traded

25 May 2021 - An investment group has announced a deal to acquire Canada’s Algoma Steel Inc. and plans to take the steelmaker public.

Paragon Acquires Ohio Carbon Steel Distributor

25 May 2021 - Flat-rolled processor Paragon Steel has acquired Ohio carbon steel distributor Buckeye Metals Industries for an undisclosed amount.

SMS group Brings Paul Wurth Fully Under Its Roof

21 April 2021 - SMS group has acquired the remaining stake in its Paul Wurth unit from the Luxembourg government and state-owned banks, making it the sole owner of the plant engineering business, the company announced Wednesday.