Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
Synalloy Acquiring Stainless Pipe and Tube Operation
13 December 2016 - A subsidiary of Virginia-based Synalloy Corp. is acquiring the stainless pipe and tube operations of Marcegaglia USA for US$15 million to US$16 million, the company announced on Tuesday.
Western Tube & Conduit Sold to Zekelman Industries
06 December 2016 - Zekelman Industries is acquiring Western Tube & Conduit Corp. for an undisclosed amount, the company announced on Tuesday.
Nucor Stakes Another Claim in HSS Market
06 December 2016 - Nucor Corp. has signed a deal to acquire Alabama-based Southland Tube Inc., America’s third-largest producer of hollow structural sections, for US$130 million.
Quaker Chemical Expands Metalworking Fluids Business Through Acquisition
01 December 2016 - Quaker Chemical Corp. has acquired Canadian metalworking fluids manufacturer and marketer Lubricor Inc. for US$11.8 million, the company has announced.
South Korean Pipe Maker Establishes U.S. Manufacturing Presence
01 December 2016 - Looking to ensure access to the U.S. market, South Korea’s SeAH Steel has acquired two U.S. OCTG mills in Houston, Texas, reports The Korea Times.
Praxair Didn't at First Succeed, And Now It's Trying Again
30 November 2016 - Industrial gas supplier Praxair is looking to renew merger talks with Linde, its German rival, the company said on Tuesday.
Tata UK Finds a Buyer for its Specialty Steel Business
29 November 2016 - Tata Steel Ltd. has a preliminary deal to sell its U.K.-based specialty steel business to Sanjeev Gupta’s Liberty House Group, the company has announced.
Report: Tata Might Retain U.K. Steel Business
04 November 2016 - The Tata Group is to decide the fate of its U.K. steel business within the next four weeks, but is leaning toward retaining the operation, reports The Guardian newspaper.
U. S. Steel Keeps Electric Furnace Plans on the Burner, Hopes to Soon Finalize Stelco Sale
02 November 2016 - An electric arc furnace remains in the cards for United States Steel Corp. -- it’s only a matter of finding the right time and place to make the investment, the company’s chief executive said Wednesday.
U. S. Steel Keeps Electric Furnace Plans on the Burner, Hopes to Soon Finalize Stelco Sale
02 November 2016 - An electric arc furnace remains in the cards for United States Steel Corp. -- it’s only a matter of finding the right time and place to make the investment, the company’s chief executive said Wednesday.
Ampco-Pittsburgh Expands Steelmaking Capabilities Through Acquisition
01 November 2016 - Ampco-Pittsburgh Corp. is acquiring Canadian specialty steel producer ASW Steel Inc. for US$13.1 in cash and debt, Ampco-Pittsburgh has announced.
Nucor Finalizes Independence Tube Acquisition
01 November 2016 - Nucor Corp. has closed on its US$435 million acquisition of structural tube manufacturer Independence Tube and has named an executive to lead the business.
China OKs Baosteel, Wuhan Merger
31 October 2016 - China has given the go-ahead to the merger of two of its largest steelmakers, naming the top executives who will run the combined business, reports the Bloomberg news service.
Tata Steel Continues to Negotiate Joint Venture Partnership for U.K. Strip Business
28 October 2016 - The ouster of Cyrus Mistry as chairman of Tata Group's holding company has renewed questions over the fate of Tata Steel's European arm. Nevertheless, the company is continuing to pursue a merger of its U.K strip business and a separate sale of its specialty steel business there, the company said on Friday.
Quebec Acquires Stake in Direct Shipping Ore Project
28 October 2016 - The Quebec provincial government has signed an agreement to acquire an 18% equity stake in Tata Steel Minerals Canada for CA$125 million, according to one of the partners in the business.
CMC Expands Fabrication Operations Through Hawaiian Acquisition
26 October 2016 - A Commercial Metals Co. subsidiary has signed a deal to acquire a Hawaiian rebar fabricator for an undisclosed amount, the company announced on Wednesday.
Tata's Change in Leadership Throws European Steel Merger Into Question
25 October 2016 - Cyrus Mistry’s ouster as chairman of Tata Sons Ltd. might disrupt the conglomerate’s effort to merge its U.K. strip business with thyssenkrupp’s European steel operations, according to the Bloomberg news service.
German Steelmaker in Talks to Sell Brazilian Plant
25 October 2016 - thyssenkrupp might sell its Brazilian steel plant, Companhia Siderúrgica do Atlântico, to Latin American steelmaker Ternium, according to The Wall Street Journal.
Report: Liberty House Eyes Australian Steelmaker
18 October 2016 - Liberty House, the steelmaker and metals trading firm that had looked to acquire Tata Steel’s U.K. strip business, might be turning its attention to a different set of distressed assets, reports the Bloomberg news service.
A Fire Rekindled: How ArcelorMittal's Cleveland Works Reinvented Itself
17 October 2016 - Through innovation, hard work and difficult decisions, employees and managers at the former LTV steel works in Cleveland, Ohio, USA, have transformed the once-shuttered business into one of the world’s most productive steelmaking facilities, if not the most productive.
