Steel News

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.

Essar Steel Attracts Offer from World's Leading Steel Producer

12 February 2018 - ArcelorMittal has laid an offer on the table for distressed flat-rolled producer Essar Steel India, the company disclosed on Monday.

Gerdau Reaches Deal to Sell Texas Mill

31 January 2018 - Looking to focus more on its value-added business, Gerdau SA said Wednesday that it is divesting its Beaumont, Texas, USA, wire rod mill and two downstream facilities.

Swiss Steelmaker Makes Prevailing Offer for Troubled French Company

29 January 2018 - A Swiss specialty long steel manufacturer has been named the preferred bidder for France’s Ascometal, according to the Reuters news service.

Report: Steel Giants Team Up in Bid for Indian Manufacturer

29 January 2018 - Nippon Steel & Sumitomo Metal Corp. and ArcelorMittal are going in together on a bid for India’s Essar Steel, reports The (India) Economic Times.

General Carbide Acquires Specialized Auto Tool and Die Business

23 January 2018 - Pennsylvania-based tooling maker General Carbide Corp. has acquired Only Tool, a tooling manufacturer that serves automotive suppliers.

Fives Expands Machine Tool Services Business Through Acquisition

09 January 2018 - Konecranes has sold its U.S.-based machine tool service unit to industrial engineer Fives for an undisclosed amount, Fives said on Tuesday.