Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
The World’s Second-Largest Steelmaker Could Soon Become the Largest
04 June 2019 - Baowu Steel Group, the world’s second-largest steelmaker, is acquiring a majority stake in a smaller rival, a move that could propel Baowu to the No. 1 spot within the next few years.
ATI Divests Indiana, Kentucky Forges
04 June 2019 - Allegheny Technologies Inc. has sold two closed-die forging facilities to a Chicago private equity firm for US$37 million in cash, the company said.
Lab Equipment Maker Expands Product Portfolio Through U.S., Japan Acquisition
04 June 2019 - Laboratory and analytical instruments manufacturer Verder Group is expanding its product portfolio in particle and surface analysis equipment, acquiring Microtrac Inc. and MicrotracBEL from Nikkiso Co. Ltd.
Tata, thyssenkrupp Joint Venture Plan Falls Apart
10 May 2019 - Tata Steel and thyssenkrupp have all but called off plans to combine their European strip businesses, saying that they believe the deal is not likely to win approval from antitrust regulators.
Union Partners Acquires Tube Maker, Fabricator
04 April 2019 - Illinois-based metals investment firm Union Partners has acquired steel tubing producer and fabricator National Metalwares for an undisclosed amount, the firm announced Thursday.
Report: Tata, thyssenkrupp Offer List of Assets to Sell, Hope to Satisfy Competition Concerns
04 April 2019 - Tata Steel and thyssenkrupp are willing to divest assets in Belgium, Spain and the U.K. to win anti-trust approval for their proposed European int venture, reports the Bloomberg news service.
Tenaris Expands in U.S. Through US$1.2B Deal
22 March 2019 - Tenaris has signed an agreement to acquire PAO TMK’s North American pipe and tube business for US$1.2 billion.
CMC Sees Q2 Profits Increase; Eyes Investments in New Rebar Facilities
22 March 2019 - Scrapper and long steel manufacturer Commercial Metals Company saw its second-quarter profits rise despite lower scrap prices and shipments, the company reported.
Report: Tata Proposes Divestiture to Win OK for thyssenkrupp European Joint Venture
21 March 2019 - Tata Steel reportedly is willing to sacrifice parts of its steel packaging operations in Europe to gain regulatory approval for its planned joint venture with thyssenkrupp, reports the Reuters news service.
Steel Dynamics Finalizes Buy-In of Galvalume Distributor
07 March 2019 - Steel Dynamics Inc. has finalized its acquisition of a majority stake in a Texas-based distributor of Galvalume.
These Two Chinese Steelmakers Won't Be Tying the Knot
06 March 2019 - Chinese steelmaking rivals Benxi Steel Group and Ansteel Group reportedly have stopped talks on a merger that was proposed as far back as 2005, according to reports.
Investment Firm Discussing Acquisition of Canadian Pellet Plant, Steelworkers Say
22 February 2019 - The United Steelworkers union and New York investment firm Bedrock Industries have agreed to open contract talks as Bedrock looks to restart a long-idled iron ore pellet plant in Canada.
SDI Expands Downstream Operations Through US$134M Deal
04 February 2019 - Steel Dynamics Inc. (SDI) is acquiring a majority stake in coated sheet distributor United Steel Supply for US$134 million in cash and debt, the company has announced.
Acquisition Expand AZZ's Network of Galvanizing Shops
04 February 2019 - Fabricated products galvanizer AZZ Inc. has reached a preliminary agreement to acquire Tennessee Galvanizing Inc. and its four galvanizing lines for an undisclosed amount, the company said on Monday.
Acquisition Expands Fives Processing Line Equipment Know-How
21 January 2019 - French industrial machine builder Fives has acquired the cold rolling and strip processing lines business of Spain’s RDI-Met, the company has said.
GFG Alliance Plans to Boost Steel Production in U.S.
16 January 2019 - GFG Alliance executive chairman Sanjeev Gupta said his company is considering plans to increase liquid steel production at its newly acquired Illinois wire rod mill and its restarted South Carolina facility.
European Commission Sets April Deadline for Review of Tata-thyssenkrupp Joint Venture
15 January 2019 - European Union competition regulators have extended the timeframe in which they expect to complete a review of Tata Steel and thyssenkrupp’s planned European joint venture, news and commodities pricing service S&P Global Platts reports.
GFG Alliance Completes Deal for U.S. Wire Rod Manufacturer
03 January 2019 - GFG Alliance has finalized its US$320 million acquisition of Keystone Consolidated Industries (KCI), a move that will help clear the way for a planned initial public offering, the company has announced.
Olympic Steel Expands Into Product Manufacturing Through Acquisition
03 January 2019 - Ohio-based service center Olympic Steel Inc. has acquired McCullough Industries Inc., a maker of branded self-dumping hoppers, through an all-cash deal, the company has announced.
Synalloy Signs Deal to Acquire American Stainless Tubing Inc.
06 December 2018 - Stainless pipe maker Synalloy Corp. is acquiring North Carolina-based American Stainless Tubing Inc. (ASTI) for US$27 million to US$28 million, Synalloy has announced.
