Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
Nucor Acquires Precision Castings Company in Mexico
05 December 2018 - Nucor Corp. is acquiring Mexican precision castings maker Corporacion POK S.A. de C.V. for an undisclosed amount, the steelmaker has said.
GFG Alliance Acquiring Second U.S. Wire Rod Mill
03 December 2018 - Six months after restarting a shuttered wire rod mill in South Carolina, British industrialist Sanjeev Gupta is expanding his U.S. steel holdings.
Gupta Pledges Multi-Million-Euro Investment in Romanian Steel Works
12 November 2018 - Sanjeev Gupta’s Liberty House Group is promising to invest EUR300 (US$337 million) in a Romanian steel works it is acquiring from ArcelorMittal, according to a Romanian publication.
Usha Martin Shareholders OK Tata Sale
12 November 2018 - Shareholders of Indian wire rope manufacturer Usha Martin Ltd. have signed off on Tata Steel’s planned acquisition of the business, The Hindu Business Line newspaper reports.
Big River Rolls On – On Its Own
08 November 2018 - Big River Steel, the technology company that happens to make steel, will be doing so independently, the company has said.
Commercial Metals Co. Completes US$600M Acquisition of Gerdau Long Mills
05 November 2018 - Gerdau has finalized its sale of four U.S. mini-mills and nearly three dozen rebar fabrication shops to Texas-based Commercial Metals Co., the steelmaker said on Monday.
Liberty House Expands Roster of Mills Yet Again
02 November 2018 - Metals entrepreneur Sanjeev Gupta and his Liberty House Group have reached a conditional agreement to buy two cold mills and other assets from ArcelorMittal, a strategic acquisition that expands the growing company’s presence in Europe.
ArcelorMittal Takes Control of One of EU’s Largest Steel Works
01 November 2018 - ArcelorMittal has finalized its deal to acquire Italy’s ILVA S.p.A., giving it control of the European Union’s largest steel works.
European Regulators Taking a Closer Look at Tata-thyssenkrupp Deal
30 October 2018 - The European Commission has opened an in-depth assessment of thyssenkrupp and Tata Steel Europe’s planned joint venture.
Essar Steel Creditors Give Nod to ArcelorMittal Offer
30 October 2018 - Essar Steel India Ltd.’s creditors have named ArcelorMittal as the successful bidder for the debt-laden business, accepting its US$6.8 billion offer.
To Avoid Tariffs, Metals Businesses Looking to Set Up Shop in U.S.
25 October 2018 - The Trump administration’s Section 232 tariffs on steel and aluminum is prompting some overseas companies to begin kicking around for acquisition targets as a way to avoid the tax, according to professional services firm PwC.
To Allow for Essar Steel Acquisition, ArcelorMittal Agrees to Pay Off US$1B in Debt
17 October 2018 - ArcelorMittal said it is prepared to pay off the equivalent of about US$1 billion in debt on two businesses in which it had held ownership stakes in order to win approval to buy another.
Liberty House Adds Four European Steel Plants to Growing List of Assets
12 October 2018 - Sanjeev Gupta’s Liberty House Group has signed an agreement to buy four ArcelorMittal facilities in Europe, an acquisition that will double its rolling capacity to more than 15 million metric tons annually.
Motion Industries Closes on Deal to Acquire Hydraulics Distribution Business
09 October 2018 - Industrial parts supplier Motion Industries Inc. has completed its acquisition of hydraulics and pneumatics distributor Hydraulic Supply Co., the company said on Monday.
Tata Expands Capacity With Usha Martin Acquisition
24 September 2018 - Indian wire rope manufacturer Usha Martin Ltd. is divesting its special steel plant and other upstream assets to Tata Steel for the equivalent of between US$589.6 million and US$644.5 million, the company has announced.
Chinese Steel Companies Launch JV to Drive Consolidation
18 September 2018 - China’s big three steelmakers and an asset management company are investing the equivalent of US$291.3 million in a joint venture that will buy up steel assets, with an eye to driving consolidation within the country, reports the Reuters news service.
Steel Dynamics Takes the Keys to Closed Bar Mill, Eyes November Restart
18 September 2018 - Steel Dynamics Inc. has finalized its acquisition of shuttered Kentucky Electric Steel for US$5 million and plans to reopen the facility in November.
ArcelorMittal Raises Offer for India’s Essar Steel
12 September 2018 - ArcelorMittal has put a new offer on the table for Essar Steel India Ltd., bidding the equivalent of US$5.8 billion for the bankrupt steelmaker, according to media reports.
With a Labor Deal in Hand, ArcelorMittal Nears Completion of ILVA Acquisition
06 September 2018 - ArcelorMittal expects to seal its deal for Italian steelmaker ILVA and its massive Taranto works after it reached a tentative labor agreement with ILVA’s labor unions, the company said Thursday.
Sanjeev Gupta Wants to Buy a Shipyard – Where He'll Melt Ships in a Furnace
27 August 2018 - Steel entrepreneur Sanjeev Gupta, whose Liberty House has been buying up distressed assets in the U.S. and the U.K., has his sights on another target – a failing shipyard in India.
