Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
NSC-USS Sale Doesn’t Impact National Security, Says Former Treasury Secretary
19 January 2024 - Former Treasury Secretary Lawrence Summers said national security is a non-issue when it comes to the Nippon Steel Corp. acquisition of United States Steel Corporation, reports the Bloomberg news service.
USW Files Grievances over U. S. Steel Sale
15 January 2024 - The United Steelworkers union is challenging United States Steel Corporation’s proposed sale to Nippon Steel Corp., arguing that U. S. Steel violated terms of the basic labor agreement with the union, reports the Pittsburgh Post-Gazette.
Report: U. S. Steel – Nippon Steel Deal Faces Scrutiny
11 January 2024 - Attorneys for United States Steel Corporation and Nippon Steel Corporation have been exchanging phone calls and emails as the Biden Administration prepares to review the planned acquisition of the American steelmaker, The Wall Street Journal reported Thursday.
Nippon Steel Executive Optimistic on Chances of Acquiring U. S. Steel
08 January 2024 - Despite calls for a through review of Nippon Steel Corp.’s acquisiton of United States Steel Corporation, Nippon Steel’s top executive believes the deal will ultimately be finalized, the Reuters news service reports.
POSCO, Nippon Steel Finalize Stakes in Canadian Met Coal Business
04 January 2024 - Nippon Steel Corp. and POSCO have closed on acquisitions of minority stakes in Teck Resources Ltd.'s metallurgical coal operation.
Labor Caucus Seeks Review of U. S. Steel Acquisition
03 January 2024 - The U.S. Congressional Labor Caucus is asking the Biden administration to undertake a comprehensive regulatory review of Nippon Steel Corp.’s planned acquisition of United States Steel Corporation.
Nippon Steel to Acquire U. S. Steel
18 December 2023 - United States Steel Corporation has agreed to be acquired by Japan’s Nippon Steel Corporation through a cash deal valued at US$14.9 billion, the companies announced Monday morning.
EAF Service Provider Superior Machine Under New Ownership
04 December 2023 - Woodings Industrial Corp. has acquired U.S.-based electric arc furnace specialist Superior Machine Co. of South Carolina Inc. for an undisclosed amount.
POSCO, Nippon Steel Acquire Stake in Canadian Met Coal Miner
14 November 2023 - Canadian miner Teck Resources Ltd. has agreed to sell its metallurgical coal business to a group led by Glencore plc through a deal valuing the business at around US$9 billion.
Outokumpu Takes Position in Biocarbon Producer
13 November 2023 - Stainless steel producer Outokumpu has acquired a 20% stake in a biocarbon producer, a move that locks up a supply of the material.
U. S. Steel Remains Tight-Lipped on Sales Process
27 October 2023 - United States Steel Corporation is continuing to work through its strategic alternatives review but is remaining mum about its progress to date.
Cleveland-Cliffs: No Comment on Effort to Buy U. S. Steel
24 October 2023 - Those looking for clues as to the status of Cleveland-Cliffs Inc.’s effort to buy United States Steel Corporation were probably disappointed by the company’s third-quarter earnings call.
River Metals Recycling Makes Acquisition
16 October 2023 - Nucor’s recycling subsidiary River Metals Recycling (RMR) has acquired all Cincinnati, Ohio, USA-based Garden Street Iron & Metal assets, including one feeder and one shredder yard, the company has announced.
EU Regulators OK Liberty Steel Acquisition of Hungarian Mill
05 October 2023 - The European Commission has signed off on Liberty Steel’s plan to acquire the entirety of Hungary-based steelmakers ISD Dunaferr and ISD Kokszoló.
Olympic Steel Expands Reach Through Acquisition
02 October 2023 - Olympic Steel Inc. has acquired a Midwestern and Southern bar and tube fabricator in an all-cash deal, the service center has announced.
JSW Slows Pace on Teck Resources Coal Unit Deal
22 September 2023 - A diplomatic dispute between Canada and India is said to be slowing JSW Steel’s effort to acquire a stake in Teck Resources’ metallurgical coal unit, according to the Reuters news service.
Report: Stelco Interested in Acquiring U. S. Steel
22 September 2023 - Canada’s Stelco is reportedly pursuing a bid for United States Steel Corporation, Bloomberg has reported.
Report: U. S. Steel, Cleveland-Cliffs at Odds in Sales Process
21 September 2023 - A dispute between Cleveland-Cliffs Inc. and United States Steel Corporation has emerged over a confidentiality arrangement, locking Cleveland-Cliffs out of a sales process that is underway, reports the Reuters news service.
Acquisition Expands Primetals Technologies Cutting Tech Know-How
07 September 2023 - Primetals Technologies has acquired the assets and intellectual property of Spain’s Torch-Cutting Technologies (TCT) in a deal that will complement its offerings in cutting technology.
U. S. Steel Begins Sharing Company Info With Potential Buyers
29 August 2023 - United States Steel Corporation is signing non-disclosure agreements with potential buyers and has started to share due diligence information with them as it reviews its strategic options, the company said Tuesday.
