Steel News

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.

Essar Steel Algoma to Begin Shopping Itself Around

20 January 2016 - Canada’s Essar Steel Algoma is to begin searching for a buyer or major investor in its Sault Ste. Marie, Ont., integrated mill, reports the online publication SooToday.com.

U. S. Steel Canada Gets the Go-Ahead to Initiate a New Sales Process

13 January 2016 - A Canadian court has signed off on U. S. Steel Canada Inc.’s plan to try, for a second time, to find a buyer, according to The Hamilton Spectator newspaper.

Report: ArcelorMittal Shopping Around U.S. Rail Mill

12 January 2016 - ArcelorMittal’s Steelton, Pa., USA, rail mill is on the sales block, reports local television station WHTM-TV.

U. S. Steel Canada Stakeholders in Talks With Potential Buyers, Investors

11 January 2016 - Outside investors are taking a look at buying -- or buying into -- U. S. Steel Canada Inc. (USSC), which has been operating under creditor protection since September 2014, reports The (Toronto) Globe and Mail newspaper.

Tata Steel Negotiating Sale of European Long Products Business

22 December 2015 - Tata Steel is in talks with investment firm Greybull Capital to sell its European long products business, the company has announced.

Outokumpu Finalizes Divestment of Mexican Joint Venture

17 December 2015 - Stainless manufacturer Outokumpu has closed on a deal to sell its stake in its tubular joint venture in Mexico to partner F.E.R. Fischer Edelstahlrohre GmbH.

Consolidated Systems Carves Up Processing Business

16 December 2015 - North America’s largest independent coil coater has acquired the coating and processing assets of Consolidated Systems Inc.’s Consolidated Metal Products unit.

Outotec Finalizes Acquisition of South Africa's Sinter Plant Services

15 December 2015 - Outotec has closed on a deal to buy Sinter Plant Services CC in South Africa, the company has announced.

Outokumpu Sheds Majority Stake in Joint Venture

11 December 2015 - Finland’s Outokumpu has completed the divestment of most of its stake in its Chinese joint venture, Shanghai Krupp Stainless Co. Ltd. (SKS), the company has announced.