Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
Newly Acquired Long Products Business Names Three to Executive Team
04 May 2016 - Black Diamond Capital Management, the private equity firm that acquired much of ArcelorMittal’s U.S. long carbon business earlier this year, is assembling its new executive team and has appointed industry veteran Robert Simon to its helm.
Vallourec Completes Sale of Heat Exchanger Tube Business
02 May 2016 - French tubemaker Vallourec has closed on its divestment of its heat exchanger tube business, the company has announced.
Halliburton, Baker Hughes Call Off the Wedding
02 May 2016 - Oilfield services companies Halliburton and Baker Hughes Inc. have called off their multibillion merger amid the energy slump and opposition from regulators.
Metals Trader Completes Acquisition of Scottish Plate Mills
28 April 2016 - Metals trading firm Liberty House has closed on its acquisition of two Tata Steel plate mills in Scotland, the firm has announced.
German Equipment Manufacturer Acquires Capco Machinery Systems
22 April 2016 - Germany’s Heinrich Georg GmbH is expanding its North American presence, acquiring roll grinder manufacturer Capco Machinery Systems for an undisclosed amount.
Chinese Steelmaker Signs Agreement to Buy Serbian Mill
18 April 2016 - China’s Hebei Iron and Steel Group has signed an agreement to buy an unprofitable steel mill in Serbia, according to reports.
ThyssenKrupp CEO: We Want to Be a Part of European Steel Consolidation
15 April 2016 - If thyssenkrupp chief executive Heinrich Hiesinger had his druthers, the company would take part in a consolidation of Europe’s steel industry, perhaps getting together with Tata Steel’s European operation.
U.S. Toolmaker Expects New Marketing Opportunities Through European Acquisition
14 April 2016 - U.S.-based toolmaker Allied Machine & Engineering Corp. has closed on a deal to acquire the remaining interests in its European subsidiary, Allied Maxcut Engineering Co. Ltd. U.K., the company has announced.
U.K. Government Might Consider Investment in Tata Steel Sale
12 April 2016 - The U.K. government might “co-invest” with whomever acquires Tata Steel’s U.K. operation, according to reports.
Tata Steel, Investment Firm Shake Hands on Sale of Long Products Business
11 April 2016 - Tata Steel has reached a deal to sell its European long products business to private investment firm Greybull Capital, the company has announced.
Chinese Steelmaker Bids on Serbian Mill
05 April 2016 - China's Hebei Iron & Steel Group has submitted a US$52.2 million offer for a nationalized steel mill in Serbia, according to Reuters news service.
Could Two of Canada's Biggest Steelmakers Join Forces? Possibly, Newspaper Says
01 April 2016 - Preliminary bids are due today, 1 April, from investors interested in Essar Steel Algoma, a Canadian plate and sheet producer that entered creditor protection last year.
Report: Tata Steel, thyssenkrupp Might Bring European Operations Together
01 April 2016 - As India’s Tata Steel looks to exit the United Kingdom, it’s reportedly considering a new direction for its other European assets.
Metals Trading Firm Expands Steelmaking Holdings
24 March 2016 - Tata Steel has reached an agreement to sell two affiliated plate facilities in Scotland, the company has announced.
Investment Firm Acquiring ArcelorMittal Long Products Facilities (Updated)
24 March 2016 - ArcelorMittal is selling three of its U.S. long products mills to a private investment firm for an undisclosed amount, the company has announced.
Reports: Deal Close for Tata Steel Mills in Scotland
22 March 2016 - Sanjeev Gupta, founder and executive chairman of a metals trading firm that partially re-opened an idled steel mill last year, is close to adding two other facilities to the company’s production portfolio, reports The Guardian newspaper.
Deadline Nearing for Sale of Tata Steel Europe Long Products Business
11 March 2016 - Talks between investment firm Greybull Capital and Tata Steel over the sale of its European long products business are continuing, but the steelmaker is sticking to a self-imposed deadline to strike a deal, reports the U.K.’s Mirror tabloid.
CONSOL Energy Sells Metallurgical Coal Mine in Virginia
29 February 2016 - Coal and natural gas producer CONSOL Energy Inc. has agreed to sell its only operating metallurgical coal mine and other reserves for US$420 million, plus potential royalties, the company has announced.
Acquisition Expands U.S. Galvanizer's Midwest Presence
02 February 2016 - U.S.-based AZZ Inc. is expanding its galvanizing capacity, acquiring Alpha Galvanizing Inc. for an undisclosed amount.
Japan's No. 1 Steelmaker Looks to Acquire Rival Nisshin Steel
01 February 2016 - Two of Japan’s largest steelmakers are planning to combine as they try to ride out the low prices brought on by excess capacity.
