Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
Nucor Grows Bar Processing Capabilities Through Acquisition
14 August 2017 - Nucor Corp. is acquiring approximately 200,000 tons of additional cold-finished bar capacity, the company has announced.
Tata Steel Reportedly Preparing to Announce Deal on U.K. Pension Plan
09 August 2017 - Tata Steel and U.K. officials are hoping to announce on Friday that they’ve reached a deal to separate Tata Steel from its legacy British Steel pension fund, a move that would potentially allow the company to combine its European strip business with thyssenkrupp AG's steel division.
Tata Steel Completes Sale of U.K. Pipe Mills
02 August 2017 - Liberty House Group has finalized its acquisition of two large-diameter pipe mills in the U.K. the company has announced.
thyssenkrupp Forms an Alternative to Tata Steel Europe Combination
02 August 2017 - thyssenkrupp is developing a Plan B to a proposed joint venture for its steel operations, reports the Bloomberg news service.
Old Port Poses An Obstacle to Wire Rod Mill Restart
28 July 2017 - Steel entrepreneur Sanjeev Gupta and his Liberty House Group are counting on using an aging port along the coast of South Carolina to serve a wire rod mil it hopes to acquire from ArcelorMittal and restart.
Report: thyssenkrupp CEO Wants Tata Deal By September
26 July 2017 - thyssenkrupp chief executive Heinrich Hiesinger is looking to strike a deal on merging the company’s steelmaking operations with Tata Steel’s European strip business by September, according to the Reuters news service.
New Owner of Australian Steel Works Promises Big Investment
19 July 2017 - Steel entrepreneur Sanjeev Gupta said he and his family plan to invest nearly US$780 million in Australia’s integrated Whyalla steel works, according to reports.
Welded Tube Manufacturer Acquiring Ohio Company
17 July 2017 - Ohio-based Phillips Tube Group is acquiring another Ohio welded tube manufacturer and consolidating operations into its current facilities, reports The (Lisbon, Ohio) Morning Journal.
Report: No Deal Yet on Closed Wire Rod Mill Acquisition
11 July 2017 - The sale of an American wire rod mill remains on hold while the buyer continues to seek financial incentives from the state of South Carolina, reports The (Charleston, S.C.) Post and Courier.
Liberty House Acquires Two Tata Pipe Mills
11 July 2017 - Metals entrepreneur Sanjeev Gupta’s Liberty House Group has reached a deal to acquire two large-diameter pipe mills from Tata Steel U.K.
GFG Alliance Prevails in Effort to Buy Australian Steelmaker
05 July 2017 - After revising an earlier offer, metals entrepreneur Sanjeev Gupta and his family’s alliance of businesses have landed a binding agreement to acquire Australian iron ore miner and steelmaker Arrium.
Tata, thyssenkrupp Leaders to Meet on Potential Steel Merger
05 July 2017 - thyssenkrupp chief executive Heinrich Hiesinger plans to meet with Tata Sons chairman Natarajan Chandrasekaran this month to see if the two companies can put together a deal on merging their European steel operations, according to the German business newspaper Handelsblatt.
Timken Subsidiary Acquires Indian Roller Bearings Maker
05 July 2017 - The Indian subsidiary of The Timken Co. has reached an agreement to acquire ABC Bearings Ltd., an Indian manufacturer of tapered, cylindrical and spherical roller bearings and slewing rings.
Stelco Completes Sale and Exits Creditor Protection
03 July 2017 - U.S. investment firm Bedrock Industries has closed on its acquisition of Canada’s Stelco, officially bringing to an end a decade of United States Steel Corporation ownership and nearly three years of uncertainty under creditor protection.
AK Steel Acquiring Stamped Components Manufacturer
03 July 2017 - AK Steel is setting its sights downstream, announcing Monday that it is acquiring a Canadian tooling and stamped components manufacturer for US$360 million in cash.
Universal Stainless Says No to Merger Offer
29 June 2017 - Universal Stainless & Alloy Products Inc. has rejected an unsolicited merger offer from Synalloy Corp., saying that the proposed deal held no merit, the company said on Thursday.
Liberty House Puts an Offer Down For U.K. Bar Producer
19 June 2017 - Metals entrepreneur Sanjeev Gupta and his Liberty House Group reportedly are making a rescue bid for an ailing bar and beam producer in the U.K.
ArcelorMittal, Italy Reach Binding Agreement on ILVA Acquisition
16 June 2017 - ArcelorMittal and partner Marcegaglia said on Friday that they have reached a binding agreement with the Italian government on a plan to acquire ILVA.
Judge OKs Stelco Sale
09 June 2017 - A Canadian judge approved Stelco’s restructuring plan and sale to U.S. investment firm Bedrock Industries Group on Friday, a decision that will allow the steelmaker to emerge from creditor protection as a standalone business.
Steelworkers Ratify New Labor Agreement with Stelco Acquirer
07 June 2017 - Members of the United Steelworkers union have accepted a new labor deal with the buyer of Canada’s Stelco, clearing the way for it to emerge from creditor protection.
