Steel News

Investment Firm Acquires Majority Stake in Steel Fabricator

01 May 2017 - New York-based investment firm Alleghany Capital Corp. has acquired a majority interest in W&W|AFCO Steel, one of the largest structural steel fabrication and erection companies in North America, the companies announced on Monday.

Lincoln Electric Signs Deal to Acquire European Counterpart

27 April 2017 - Welding equipment and consumables manufacturer Lincoln Electric Holdings Inc. is acquiring Air Liquide’s welding equipment subsidiary for about US$125 million, the company announced on Thursday.

U.K. Steelmaker to Acquire American Rod Mill

21 April 2017 - Liberty House Group, a commodities trader and steelmaker that has cobbled together a portfolio of U.K. production facilities, has a deal to acquire a shuttered mill in the United States.

Quaker Chemical, Houghton International Agree to Merge

10 April 2017 - Metalworking fluids maker Quaker Chemical Corp. is acquiring Houghton International Inc. through a deal valued at more than US$1.4 billion.

Aperam Finalizes Divestment of French Welded Tube Business

05 April 2017 - Stainless and specialty steel producer Aperam has the completed the sale of its French welded stainless tube business, the company has announced.

Investment Firm Finalizes Acquisition of Steel Processing Businesses

03 April 2017 - Z Capital Group has completed its acquisition of Gerdau SA’s Atmosphere Annealing LLC and NitroSteel LLC, the investment firm announced on Monday.

Report: Consortium Bids EUR1.6 Billion for Europe's Largest Steel Works

17 March 2017 - ArcelorMittal and partner Marcegaglia are offering 1.6 billion euros for Italy's Ilva steel works, outbidding a rival consortium, reports the Reuters news service.

Investment Firm Acquires Two Heat Treatment Businesses, Looks to Expand Operations

16 March 2017 - Long products producer Gerdau SA has agreed to sell two U.S. metal processing businesses for an undisclosed amount.

Italian Government Receives Two Offers for Europe's Largest Steel Works

08 March 2017 - Two consortiums have submitted binding offers for Italy’s ailing Ilva steel group and its Taranto steel works, Europe’s largest steel plant., according to reports

Nucor Adds to Steel Fabrication Business in Canada

02 March 2017 - Nucor Corp. has acquired the assets of Omega Joist, a Canadian manufacturer of open-web steel joists, for an undisclosed amount.

Completed Acquisition Expands Synalloy Subsidiary's Capacity, Capabilities

02 March 2017 - Synalloy Corp. subsidiary Bristol Metals has closed on its US$14.95 million acquisition of Marcegaglia USA’s pipe and tube operation in Pittsburgh, Pa., USA. The completed merger forms North America’s largest domestic producer of welded stainless pipe and mechanical tube, the company announced on Wednesday.

Conveyor Roller Manufacturer Sold to Canada's Metal 7

02 March 2017 - Enduride, a Canadian manufacturer of conveyor rollers and idlers, has been acquired for an undisclosed amount, according to an announcement.

Essar Algoma CEO Expects Company to Exit Creditor Protection by Spring

28 February 2017 - Essar Steel Algoma president and chief executive Kalyan Ghosh said he believes his company will exit creditor protection by the end of March, just as its debtor-in-possession financing expires.

Two Steelmakers Merge Brazilian Long Products Operations

24 February 2017 - ArcelorMittal Brazil is acquiring Latin American producer Votorantim SA’s Brazilian long steel business, according to announcements from the companies.

Acquisition Extends Zekelman Industries' Reach in Hollow Structural Sections Market

23 February 2017 - Pipe and tube producer Zekelman Industries has acquired Alabama, USA-based American Tube Manufacturing Inc. for an undisclosed amount, Zekelman Industries has announced.

With a Deal to Divest Its Brazilian Mill, thyssenkrupp Exits Steelmaking in the Americas

22 February 2017 - thyssenkrupp AG is ending its decade-long steelmaking venture in the Americas, agreeing to sell its integrated mill in Brazil to Latin American producer Ternium for US$1.33 billion (EUR1.26 billion).

Ryerson Enhances Stainless Processing Business Through Acquisition

21 February 2017 - Metals distributor and processor Ryerson Holding Corp. has acquired Guy Metals Inc., a privately owned metals service center in Hammond, Wis., USA.

Zekelman Industries Finalizes Acquisition of Western U.S. Tubemaker

20 February 2017 - Zekelman Industries has closed on its acquisition of Western Tube & Conduit Corp. from Japan’s Nippon Steel & Sumitomo Metal Corp. and minority shareholders, the company has announced.

Tata Strikes Deal to Divest U.K. Specialty Steel Business

10 February 2017 - Tata Steel has reached an agreement to sell its U.K. specialty steel business to metals entrepreneur Sanjeev Gupta and his Liberty House Group for 100 million pounds, Tata has announced.

Stainless Producer Sheds Indiana Plate Mill

25 January 2017 - Outokumpu has divested its Indiana quarto plate mill for approximately EUR28 million, the stainless steelmaker has announced.