Steel News

Tenova Acquires U.S.-Based Material Handling Systems Business

17 January 2017 - Tenova TAKRAF has acquired the assets of FMC Technologies’ materials handling systems unit for an undisclosed amount, the company has announced.

Tata Negotiating Pay-Out to End pension Fund Guarantee Held on Steel Plant

13 January 2017 - Trustees of Tata Steel’s U.K. pension fund are negotiating a potential pay-out from the steelmaker in exchange for releasing a guarantee held on its Dutch steel works, according to reports.

Danieli Acquires Italian Robotics Company

12 January 2017 - Danieli has acquired Italy’s Telerobot Labs, which designs and builds robotic systems for a number of fields, the equipment manufacturer has announced.

Commercial Metals Adds Scrap Capacity in Southeastern U.S.

12 January 2017 - A subsidiary of long products manufacturer Commercial Metals Co. has an agreement to acquire seven scrap facilities from OmniSource Corp., the company has announced.

Altra Industrial Finalizes Purchase of Clutches and Brakes Maker

06 January 2017 - U.S.-based Altra Industrial Motion Corp. has closed on its deal to acquire the Stromag unit of Britain’s GKN plc.

Konecranes Finalizes Terex Deal, Targets EUR140 Million in Synergies

04 January 2017 - Konecranes has closed on its deal to acquire the material handling and port solutions business of U.S.-based Terex Corp., the company has announced.

Tata Steel Acquires Iron Ore Processor

27 December 2016 - Tata Steel has an agreement to acquire an iron ore pellet maker that will its new Kalinganagar works in the Indian state of Odisha.

With Approvals in Hand, Konecranes Plans to Finalize Terex Deal in Early 2017

22 December 2016 - The European Commission has given the green light to a deal in which Finnish crane manufacturer Konecranes plc will sell its hoist and crane components business to an American company. The approval clears the way for Konecranes to finalize the sale of its port solutions and material handling business to U.S.-based Terex Corp.

Texas Rebar Mill Sold to Japanese Steelmaker

22 December 2016 - Japan’s Kyoei Steel Ltd. has acquired a Texas rebar mill for approximately US$52 million, the company said on Thursday.

Nucor to Buy Republic Conduit, Pushing Recent Pipe and Tube Investments to Nearly US$1B

15 December 2016 - Nucor Corp. has signed an agreement to acquire Republic Conduit from Luxembourg-based Tenaris S.A. for US$335 million, the steelmaker said on Thursday.

Acquisition Expands Texas Service Center's Processing Capabilities

15 December 2016 - North Shore Steel, a steel service center in Houston, Texas, has acquired the operating assets of Houston Blow Pipe, a 100-year-old plate processor, the company has announced.

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.