Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest 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.