Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
Goncalves: We’ll Reinvest in ArcelorMittal Facilities
14 December 2020 - With its acquisition of ArcelorMittal USA’s integrated mills a done deal, Cleveland-Cliffs Inc. has turned its attention to incorporating those facilities into its footprint.
Acquisition Expands Olympic Steel’s Specialty Metals Business
14 December 2020 - Olympic Steel Inc. has acquired the assets of Texas-based stainless steel and aluminum products distributor Action Stainless & Alloys for an undisclosed amount.
It’s Official: ArcelorMittal USA Mills Now Belong to Cleveland-Cliffs
09 December 2020 - Cleveland-Cliffs Inc. has finalized its acquisition of ArcelorMittal USA and bought out a would-be partner in two jointly owned sheet processing facilities, the company announced Wednesday.
U. S. Steel Pulls the Trigger on Big River Option
08 December 2020 - United States Steel Corporation has called its option to acquire the remaining stake in Big River Steel for approximately US$774 million in cash, the steelmaker announced Tuesday.
Gerdau Finalizes Rebar Mill Acquisition
03 December 2020 - Gerdau SA has completed its US$110.8 million acquisition of a long products mill in northeastern Brazil.
thyssenkrupp Cracks Open the Books for LIBERTY Steel Group
02 December 2020 - thyssenkrupp has agreed to open its books to LIBERTY Steel Group, which has expressed an interest in acquiring the German technology company’s steel unit, reports the Reuters news service.
U.S. Government OKs Cleveland-Cliffs Acquisition
25 November 2020 - U.S. anti-trust regulators have cleared Cleveland-Cliffs Inc.’s planned acquisition of rival ArcelorMittal USA, the steelmaker said Wednesday.
Tata Steel Europe, SSAB Open Talks on Ijmuiden Acquisition
13 November 2020 - Tata Steel Europe is splitting its U.K. and Netherlands operations into two units as it begins to negotiate a potential sale of the Netherlands business to SSAB.
Nucor Exits Italian Joint Venture
13 November 2020 - Nucor Corp. is divesting its stake in its Italian beam joint venture to partner Duferco, Duferco has announced.
Hatch Completes LTK Merger
10 November 2020 - Consulting engineering firm Hatch has completed its merger with transportation engineer LTK, forming a business that will be significant player in transportation solutions.
Nucor Adds a Splash of Color to Its Product Portfolio
29 October 2020 - Nucor Corp. is further expanding the capabilities of its Arkansas sheet mill, announcing Wednesday that it will acquire a neighboring paint line.
EU Steel Industry Faces Major Changes
22 October 2020 - The potential sale of thyssenkrupp’s steel unit is a reflection of the challenges faced by EU steelmakers, and of the industrywide changes that are afoot, reports Deutsche Welle.
LIBERTY Steel Looks to Acquire thyssenkrupp
19 October 2020 - LIBERTY Steel Group has put a non-binding offer on the table for thyssenkrupp’s steelmaking unit, saying that the combined companies would be in a better position to face Europe’s steel market challenges.
Cleveland-Cliffs to Acquire ArcelorMittal USA
28 September 2020 - ArcelorMittal has agreed to sell nearly all of its U.S. operations to Cleveland-Cliffs Inc. for US$1.4 billion in cash and stock, the steelmakers announced Monday morning.
Total Lubrifiants Expands Through Acquisition
23 September 2020 - Lubricants manufacturer Total Lubrifiants has acquired a French company that specializes in high-performance synthetic lubricants.
Acquisition Allows Service Center Operator to Expand Further Into Midwest
23 September 2020 - Chicago-based UPG Enterprises LLC has completed its acquisition of flat-rolled distributor Lexington Steel Corp. and its affiliated steel logistics unit, Douglass Logistics Inc.
Nippon Steel Looks Overseas for Growth
02 September 2020 - Nippon Steel Corp. is seeking merger and acquisition opportunities, just not at home in Japan, reports the Reuters news service.
Baowu Steel Takes Controlling Stake in Stainless Producer
21 August 2020 - China’s largest steelmaker will acquire a majority stake in Taiyuan Iron & Steel Co. Ltd. (TISCO), the country’s No. 2 stainless producer, reports the Reuters news service.
Gupta Looks to Make Smaller Deals, and More of Them, in India
21 August 2020 - Having lost out in the bidding on several large stressed steel assets in India, industrialist Sanjeev Gupta is setting his sights on smaller plants, reports the Bloomberg news service.
LIBERTY Steel Adds Two French Mills to Portfolio
14 August 2020 - LIBERTY Steel Group has acquired the Hayange rail mill and Ascoval steel works in France, giving the facilities a new lease on life.
