Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
JD Fields Acquires California Distributor and Fabricator
12 May 2020 - JD Fields & Company Inc., a U.S. distributor of oil and gas pipeline and civil infrastructure products, has acquired a California steel products manufacturer for an undisclosed amount, the company has announced.
Stelco Looks to Acquire Stake in Iron Ore Mine
01 May 2020 - Stelco is buying an option on a 25% stake in United States Steel Corporation’s Minntac iron ore mine and has signed a new contract to buy pellets from the steelmaker over the next eight years.
Recognized Safety Training Company Sold
07 April 2020 - Multimedia Training Systems Inc. (MTS), a Pittsburgh, Pa., USA-based provider of safety training for the steel industry, has been sold to compliance software and services specialist KPA.
It’s Official: AK Steel Is Now a Part of Cleveland-Cliffs
13 March 2020 - Cleveland-Cliffs Inc. on Friday completed its acquisition of AK Steel Corp., marking the beginning of a new era for two storied American businesses.
Cleveland-Cliffs Wins Shareholder Approval for AK Steel Merger
10 March 2020 - Shareholders have given approval to Cleveland-Cliffs Inc.’s planned acquisition of AK Steel Corp., bringing the deal one step closer to fruition.
Jingye Finalizes Purchase of British Steel
09 March 2020 - The Chinese steelmaker on Monday closed on its acquisition of British Steel’s facilities in the U.K. and the Netherlands, securing approximately 3,200 jobs.
ArcelorMittal Reaches New Deal on ILVA Steel Works
04 March 2020 - ArcelorMittal and the Italian government have agreed to revised terms governing the steelmaker’s acquisition of the ILVA steel works in Italy.
Jingye Group Ready to Finalize Conditional Acquisition of British Steel
03 March 2020 - China’s Jingye Group is set to finalize its planned acquisition of British Steel and expects to close on at least a part of the business next week, the company said on Tuesday.
SDI Deepens Its Scrap Stream for Texas Mill
02 March 2020 - Steel Dynamics Inc. is locking up additional scrap supply to feed its planned flat-rolled mill in Texas, announcing Monday that it is acquiring a Monterrey, Mexico-based scrap processor.
U. S. Steel Buys Out Partner in Joint Venture Mill
02 March 2020 - United States Steel Corporation has acquired the remaining 50% share in its USS-POSCO Industries (UPI) joint venture, the company said on Sunday.
Cleveland-Cliffs Expects March Close for AK Steel Acquisition
21 February 2020 - Cleveland-Cliffs’ planned acquisition of AK Steel Corp. has received approval from North American regulators and is expected to close in March, the company has announced.
GFG Alliance Enters Indian Steel Market Through Acquisition
18 February 2020 - GFG Alliance has acquired a distressed steelmaking operation in India for the equivalent of US$60 million in cash, giving the company its first foothold in the country.
thyssenkrupp Steel Europe Names New Executive Board Chairman
12 February 2020 - thyssenkrupp Steel Europe AG will have a new chairman of the executive board in March, the company has announced.
Negotiators Gain More Time on ILVA, ArcelorMittal Talks
10 February 2020 - ArcelorMittal and the Italian government have extended a deadline on talks related to the fate of the ILVA steel works in southern Italy, reports the Reuters news service.
thyssenkrupp Still Open to Steel Merger
10 February 2020 - thyssenkrupp hasn’t given up on merging its steel business and is continuing to seek industry partners, reports commodities news and pricing service S&P Global Platts.
Steel Recycler Expands Through Acquisition
20 January 2020 - Rivers Metals Recycling has closed on its acquisition of Kentucky-based scrapper Industrial Services of America Inc., Rivers Metals has said.
Salzgitter Acquires Statendam Steel Plates
16 January 2020 - Salzgitter trading subsidiary by Salzgitter Mannesmann Staalhandel B.V. has acquired heavy plate trader Statendam Steel Plates B.V. for an undisclosed amount, Salzgitter has announced.
Sandvik Finalizes Summerill Tube Acquisition
14 January 2020 - Sandvik has completed the acquisition of Summerill Tube Corp., the company announced Tuesday.
Court Allows Ilva Blast Furnace to Remain in Service
10 January 2020 - The No. 2 blast furnace at ArcelorMittal’s Ilva steel works in Italy can keep operating, an Italian court has ruled, according to reports.
Chinese Steelmaker Could Become the World’s Largest Producer
06 January 2020 - China Baowu Steel Group could potentially surpass ArcelorMittal as the world’s largest steelmaker if it completes a deal to take a controlling stake in Chongqing Iron and Steel.
