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Mergers & Acquisitions

Who's buying and who's selling iron and steel assets.

Latest News

Linde, Praxair Call Off Merger Discussions

12 September 2016 - Industrial gas suppliers Linde AG and Praxair Inc. have ended merger discussions, the companies confirmed on Monday.

thyssenkrupp Engages Labor on European Steel Restructuring

01 September 2016 - thyssenkrupp and labor representatives have agreed to establish a task force that is to discuss, among other things, whether the company needs to merge steelmaking operations with others, according to the Reuters.

Workers Protest Potential Merger of thyssenkrupp, Tata European Operations

31 August 2016 - Steel workers at Germany’s thyssenkrupp staged a rally on Wednesday to protest the potential merger of the company’s European steel division with Tata Steel’s European unit, reports the Reuters news service.

Hebei Iron & Steel Begins Boosting Sales, Production at Serbian Mill

30 August 2016 - Nearly two months after acquiring Serbia’s ailing Železara Smederevo steel works, Hebei Iron & Steel has managed to lift the facility’s monthly sales and is targeting 1.7 million tons of production in 2017, reports Xinhua, China’s official news agency.

Konecranes Says Its Hoist Business Can Stand on Its Own Financially

24 August 2016 - Had it been a stand-alone entity, Konecranes’ STAHL CraneSystems business would have posted earnings of EUR30 million before interest, taxes, depreciation and amortization in 2015, the company said on Thursday.

Arrium Goes Out on the Road in Search of a Buyer

23 August 2016 - Executives of Australian steelmaker and iron ore miner Arrium are in Asia this week, shopping around the debt-laden business in advance of the release of the formal sale documents, reports The Australian Financial Review.

BlueScope Steel Exits Castrip Joint Venture

23 August 2016 - Australia’s BlueScope Steel Ltd. has divested its stake in Castrip LLC, its thin strip casting technology joint venture, for US$20 million, the steelmaker disclosed on Monday.

Essar Algoma Sale to Take More Time to Finalize

19 August 2016 - The group of lenders proposing to acquire Canada’s Essar Steel Algoma is continuing to negotiate the sale with the company’s bondholders, federal and provincial governments and the United Steelworkers union, but a closing doesn’t yet appear to be at hand, according to a court filing.

This Isn't Hot Air: Praxair, Linde Discussing Possible Merger

16 August 2016 - Industrial gas supplier Praxair Inc. said it is discussing a possible merger with Germany’s Linde AG, the company announced on Tuesday.

Steel Dynamics Acquires Scrap Yards in Tennessee, Mississippi

15 August 2016 - Metals recycler Sims Metal Management Ltd. has divested certain scrap yards in the eastern United States, selling them to Steel Dynamics Inc. for an undisclosed amount, according to reports.

U. S. Steel Canada Declines New Offer From Essar Global

10 August 2016 - U. S. Steel Canada has rejected a new buyout offer from Essar Global, saying that its new bid is substantially similar to one that was proposed -- and rejected -- earlier this year, according to reports.

Regulators OK Sale of Terex Material Handling Division

09 August 2016 - European and U.S. regulators have approved the proposed sale of Terex Corp.’s material handling and port solutions business to Finland’s Konecranes, the companies have announced.

A New Offer Emerges for U. S. Steel Canada

09 August 2016 - An entity that includes shareholders of India’s Essar Global said it has made a formal, binding offer for U. S. Steel Canada, which is operating under creditor protection while it attempts to find a buyer.

Keystone Acquires South Carolina PC Strand Manufacturer

08 August 2016 - Keystone Consolidated Industries Inc. has acquired pre-stressed concrete (PC) strand maker Strand-Tech Martin Inc. for an undisclosed amount.

Report: China Weighing Plan to Combine Steelmakers

02 August 2016 - Chinese officials are thinking about consolidating some of the country’s largest steelmakers into two behemoth companies, according to the Bloomberg news service.

Steel Dynamics Completes US$114M Vulcan Acquisition

02 August 2016 - Steel Dynamics Inc. has finalized its acquisition of threaded rod manufacturer Vulcan Threaded Products Inc., the company has announced.

Reliance Steel Moves in Alaskan Distribution Market

02 August 2016 - Reliance Steel & Aluminum Co. has acquired Alaska’s largest steel distributor for an undisclosed amount, the company has announced.

Mitt Romney's Former Investment Firm Wants to Buy a Steel Mill

27 July 2016 - Bain Capital, the investment firm that was founded by former Republican presidential nominee Mitt Romney, is part of a consortium of lenders looking to acquire Canada’s Essar Steel Algoma, reports the online SooToday.com

Houghton Acquires Metalworking Fluids Maker

27 July 2016 - U.S.-based metalworking fluids maker Wallover Enterprises Inc. has been sold to a Gulf Oil International subsidiary for an undisclosed amount.

Nucor Executives See Much Potential in Texas Plate Mill Acquisition

21 July 2016 - Nucor executives are upbeat about the company’s US$29 million investment in a Texas plate mill, saying it is a well-run, well-equipped facility that will give Nucor access to new value-added niche markets.