Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
JSW Steel Hoping to Buy Into Canadian Met Coal Operation
25 August 2023 - JSW Steel is looking to acquire a 20% to 40% stake in a Canadian miner’s metallurgical coal business, reports the Bloomberg news service.
Esmark Ends Effort to Acquire U. S. Steel
23 August 2023 - Esmark Inc., the Pennsylvania-based steel processor and distributor that had put down a US$7.8 billion cash offer for United States Steel Corporation, has bowed out of the sales process.
USW Cannot Block Sale of Company, Says U. S. Steel
18 August 2023 - United States Steel Corporation said yesterday that the labor agreement it has in place with the United Steelworkers (USW) does not give the union the right to veto the sale of the company, the Reuters news service reports.
Multiple Offers on Table for U. S. Steel
17 August 2023 - The steelmaker has received two multibillion-dollar offers this week, from Cleveland-Cliffs and Esmark, and sources say ArcelorMittal may be weighing a bid.
Resonac Finalizes Acquisition of AMI Automation
15 August 2023 - Global graphite electrode supplier Resonac Corp. announced today that it has purchased the remaining 50% stake in its joint venture AMI Automation, bringing the automation solutions company under full ownership.
Commercial Metals Acquires Rebar Anchor Specialist
19 July 2023 - Commercial Metals Company (CMC) is expanding its fabrication business, acquiring a company specializing in steel anchors for electrical power poles.
Acquisition Expands Leeco Steel Processing Capabilities
06 July 2023 - Steel plate distributor Leeco Steel has acquired a Texas processor that specializes in plasma and oxy-fuel cutting and machining.
AMI Automation Acquired by Electrodes Manufacturer Resonac Holdings
19 June 2023 - Graphite electrodes maker Resonac Holdings Corp. is exercising an option to fully acquire Mexico’s AMI Automation, a move that will allow it to provide a wider range of services for electric arc furnace (EAF) operators.
ArcelorMittal Finds Buyer for Idled Steel Mill
12 June 2023 - A Trinidad and Tobago company is acquiring ArcelorMittal’s idled Point Lisas facility with plans to restart production within 18 months.
Voortman Steel Machinery Acquires Müller Opladen, Expands Product Lineup
06 June 2023 - CNC steel processing machine builder Voortman Steel Machinery has acquired Germany’s Müller Opladen GmbH, a maker of pipe processing machines.
Under New Ownership, HWI Sports a New Corporate Look
02 June 2023 - Refractories maker HarbisonWalker International (HWI) has unveiled its new brand identity following its February merger with Europe’s Calderys.
Australia’s InfraBuild Lines Up Financing to Acquire Three U.S. Operations
01 June 2023 - InfraBuild, an Australian long products producer owned by Sanjeev Gupta’s GFG Alliance, has secured financing that will allow it to buy three U.S. wire rod operations also owned by GFG Alliance.
Hatch Finalizes Küttner Merger
04 May 2023 - Consulting engineer Hatch has completed its merger with engineering, procurement and construction contractor Küttner, creating a leading European provider of complex engineering and technology services for the metals, energy, and infrastructure market sectors.
Borusan Mannesmann Looks to Expand OCTG Market Share Through U.S. Acquisition
13 April 2023 - U.S. large-diameter line pipe maker Berg Pipe has been sold to Turkey’s Borusan Mannesmann for US$162 million, according to an announcement Thursday.
Outokumpu Exits Stainless Long Steel Market
06 April 2023 - Finnish stainless producer Outokumpu is divesting the last of its long products business, selling its Degerfors and Storfors facilities in Sweden to stainless long steel specialist Cogne Acciai Speciali.
CMC Expands Downstream Construction Reinforcement Business
21 March 2023 - Commercial Metals Company (CMC) has acquired Georgia-based post-tensioning contractor Tendon Systems LLC for an undisclosed amount, the company has said.
ArcelorMittal Takes Ownership of Brazilian Slab Plant
15 March 2023 - ArcelorMittal has finalized its acquisition of Brazil’s Companhia Siderúrgica do Pecém (CSP) for an enterprise value of approximately US$2.2 billion, the steelmaker has said.
CMC Acquires Two Tennessee Scrap Yards
06 March 2023 - Commercial Metals Company (CMC) is expanding its internal scrap supply, announcing Friday that it has acquired the assets of Tennessee metals recycler Roane Metals Group.
Acquisition Expands Morgan Engineering's Shop Capacity
28 February 2023 - Morgan Engineering has acquired the assets of Ohio-based Girard Machine, a move that expands Morgan Engineering’s fabrication and machining capacity.
Flack Global Metals New Investment Arm Buys Building Products Fabricator
23 February 2023 - Flat-rolled distributor and metals trader Flack Global Metals (FGM)has agreed to acquire metal roofing and wall maker Fabral for an undisclosed amount.
