Steel News

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.

Tenaris Completes Acquisition of IPSCO Tubulars

03 January 2020 - Tenaris S.A. has finalized its US$1.07 billion acquisition of IPSCO Tubulars Inc. and has signed a new distribution agreement with IPSCO parent PAO TMK, the company announced.

Reliance Steel & Aluminum Adds California Service Center to its Roster of Companies

02 January 2020 - Reliance Steel & Aluminum Co. has completed its acquisition of California-based service center Fry Steel Co., the company announced Thursday.

Justice Department OKs IPSCO Acquisition

23 December 2019 - The U.S. Department of Justice has cleared Tenaris’ planned acquisition of PAO TMK’s North American unit, IPSCO Tubulars Inc.

ArcelorMittal Agrees to Continue Ilva Negotiations

20 December 2019 - ArcelorMittal and the Italian government have reached a non-binding agreement on a new path forward for the Ilva steel works and will continue to negotiate a new industrial plan, the company said Friday.

Sandvik Acquires Stainless Tube Maker

20 December 2019 - Sweden’s Sandvik Group is acquiring Summerill Tube Corp., a Pennsylvania-based manufacturer of high-precision stainless and nickel alloy tubes, for an undisclosed amount.

ArcelorMittal, Nippon Steel Look to Expand Essar Steel

16 December 2019 - ArcelorMittal and joint venture partner Nippon Steel Corp. have finalized their acquisition of Essar Steel India Ltd., completing a deal that gives both a foothold in the growing Indian steel market.