Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
SDI Expands Flat-Rolled Operation Through US$400 Million Acquisition
15 May 2018 - Steel Dynamics Inc. said it will acquire Companhia Siderurgica Nacional’s (CSN) coil processing operation in Terre Haute, Ind., USA, for US$400 million in cash.
EU Regulators Sign Off on ILVA Sale
07 May 2018 - The European Commission has approved ArcelorMittal’s acquisition of Italy’s ILVA, clearing the way for the steelmaker to begin finalizing the deal.
Grupo Simec Reaches Deal to Acquire Brazilian Long Products Mills
06 May 2018 - ArcelorMittal Brazil has struck a deal to sell two mills and wire drawing equipment to Mexican long products producer Grupo Simec, fulfilling an agreement with Brazilian competition regulators.
Electrosteel Acquisition Wins Tribunal Approval
17 April 2018 - Indian officials have approved ore miner Vedanta Resources' offer to acquire Electrosteel Steels Ltd., becoming the first of 12 companies forced into insolvency by India’s central bank to reach this stage.
ArcelorMittal Prepared to Sacrifice European Flat-Rolled Units to Acquire ILVA
13 April 2018 - ArcelorMittal is offering to divest facilities in six European countries in order to resolve anti-competition concerns arising from its planned acquisition of Italy’s ILVA.
Investment Firm Adds Ontario Service Center to Portfolio
12 April 2018 - Chicago-based private equity firm Union Partners has acquired an Ontario service center and toll processor for an undisclosed amount.
Labor Talks Delay thyssenkrupp, Tata Steel Tie-Up
12 April 2018 - Ongoing labor negotiations between Tata Steel and its workers in the United Kingdom and the Netherlands are delaying its planned joint venture with Germany’s thyssenkrupp, reports the Reuters news service.
Report: Tata Receptive to Holding Majority Share in thyssenkrupp Joint Venture
06 April 2018 - Tata Steel is open to taking a majority stake in its planned joint venture with thyssenkrupp, a sign that the Indian steelmaker is committed to growing internationally, reports the Reuters news service.
Tin Mill Products Distributor Sold to Olympic Steel
04 April 2018 - Ohio-based service center Olympic Steel Inc. has acquired tin mill products processor and distributor Berlin Metals for an undisclosed amount, the company has announced.
Gerdau Finalizes Divestment of Texas Mill
03 April 2018 - Gerdau SA has completed the sale of its Beaumont, Texas, wire rod mill and two downstream facilities to an entity affiliated with Florida-based Wire Mesh Corp.
JSW Steel Expands U.S. Presence with Sheet Mill Acquisition
29 March 2018 - India’s JSW Steel is acquiring the operator of a former Wheeling-Pittsburgh Steel mill in Ohio for about US$81 million, reports The Hindu newspaper.
German Labor Union Raises New Concern Over Tata-thyssenkrupp Joint Venture
29 March 2018 - A new obstacle is emerging in the planned Tata Steel-thyssenkrupp AG joint venture, as German unions are voicing displeasure over a labor guarantee that Tata’s Dutch unit could continue to operate independently past the tie-up.
Japan's Largest Steelmaker Extends International Reach With Ovako Acquisition
15 March 2018 - Nippon Steel & Sumitomo Metal Corp. (NSSMC) is acquiring Swedish specialty steelmaker Ovako AB for an undisclosed amount.
Bhushan Steel Creditors Select Offer for Company
08 March 2018 - Tata Steel Ltd.’s bid for a controlling stake in Indian cold-rolled producer Bhushan Steel has been selected as the prevailing offer, Tata said on Wednesday.
European Materials Maker Acquires HyComp LLC
02 March 2018 - Rolling mill components manufacturer HyComp LLC has been sold to the performance plastics unit of French multinational Saint-Gobain for an undisclosed amount.
ArcelorMittal Tag-Teams With Japanese Steelmaker on Essar Bid
02 March 2018 - ArcelorMittal is partnering with Nippon Steel & Sumitomo Metal Corp. (NSSMC) to acquire Essar Steel India Ltd., the steelmaker said on Friday.
ArcelorMittal Executive: Our Offer for Essar Steel Is 'Very Competitive'
27 February 2018 - ArcelorMittal, one of the two companies vying for Essar Steel, is confident that it can turn around the distressed steelmaker, Brian Aranha, executive vice president and global strategy head, tells the (India) Economic Times in an interview.
Reports: JSW Steel Acquiring Italian, Indian Mills
23 February 2018 - JSW Steel has reached a deal to acquire Italian long products maker Aferpi from Algeria’s Cevital Group, according to Kallanish Commodities.
GFG Alliance Plans Continued M&A in 2018
23 February 2018 - Metals entrepreneur Sanjeev Gupta said his company will continue to snap up assets this year while looking to build up the former Arrium in Australia, he tells the Reuters news service in an interview.
Three Vying for Ownership of Bhushan Steel
20 February 2018 - Officials overseeing Bhushan Steel Ltd.’s insolvency process have begun weighing offers for the Indian cold-rolled producer, according to the Press Trust of India.
