-(1)-Reinhausen-(1).jpg?lang=en-US&ext=.jpg)
Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
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.
Independence Tube Acquisition Might Spark Needed Consolidation of Structural Tube Producers, Says Zekelman Industries CEO
05 October 2016 - Nucor Corp.’s acquisition of Independence Tube will benefit the structural tube sector and will likely lead to additional acquisitions within the segment, Zekelman Industries executive chairman and chief executive Barry Zekelman said on Wednesday.
Steel Company Revives Scottish Plate Mills
28 September 2016 - Liberty Steel has recommissioned two affiliated plate mills in Scotland and is looking to eventually increase production to 500,000 metric tons annually, according to the Reuters news service.
Tata Steel Opens Pension Talks with Labor Representatives
26 September 2016 - Tata Steel executives are meeting with labor leaders at its U.K. steel works as the steelmaker looks for an agreement on changes to its pension plan, according to reports.
Kito, Konecranes Ending Alliance, But Not Relationship
26 September 2016 - Japan’s Kito Corp. is dissolving its strategic alliance with Konecranes so that it can bid on Konecranes' hoist and crane components business, which is being divested as part of a separate deal, the companies have announced.
Essar Algoma Lenders, Bondholders Set Recapitalization Plan
23 September 2016 - A majority of Essar Steel Algoma’s term lenders have settled on a recapitalization plan with the company’s bondholders, the Canadian steelmaker has announced.
Investment Firm Takes a Step Toward Acquiring U.S. Steel Canada
23 September 2016 - The Ontario provincial government and an American investment firm have set broader terms of a restructuring plan for U. S. Steel Canada Inc., which has been operating under creditor protection for two years.
Boasteel Merger May Just Be the Beginning of Chinese Steel Industry Consolidation
20 September 2016 - The merger of China’s Baosteel and Wuhan Iron and Steel Group might be the first of several mergers among the country’s steel producers, reports the Bloomberg news service.
Report: Proposed Merger of China's Baosteel, Wuhan Iron and Steel Wins Regulatory Approval
19 September 2016 - A plan to merge two of China’s largest steelmakers into a single entity with more than 60 million tons of capacity has received regulatory approval, reports Caixin magazine.
Nucor Signs Deal to Acquire HSS Manufacturer
19 September 2016 - Nucor Corp. is acquiring structural tube manufacturer Independence Tube Corp. for US$435 million, a move that strengthens its grip on the non-residential construction market.
