Steel News

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.

Investment Firm Completes HarbisonWalker Acquisition

22 February 2023 - Private equity investor Platinum Equity has closed on its acquisition of HarbisonWalker International, launching a new era for the refractories maker.

Salzgitter Completes Acquisition of German Recycler

20 February 2023 - Salzgitter AG’s scrap and alloys subsidiary Deutsche Erz- und Metall-Union has acquired Germany’s Must-Metalle-Container-Recycling.

Heraeus Acquires Steel Plant AI Specialist

16 February 2023 - Molten metal sensors and measurement specialist Heraeus Electro-Nite has acquired a majority position in German startup Smart Steel Technologies (SST).

Acquisition Expands Spraying Systems Offerings

09 February 2023 - U.S.-based industrial spray nozzle maker Spraying Systems Co. has acquired Cloud Co., a manufacturer of rotating, fluid-driven, spray-washing devices for cleaning tank interiors.

Germany’s Deurotech Expands Offerings Through Oschatz Acquisition

08 February 2023 - Germany’s Deurotech Group has acquired waste heat boiler and waste gas cooling systems specialist Oschatz Energy and Environmental GmbH and renamed the business Oschatz Power.

BENTELER Halts North American Tube Mill Sale

06 February 2023 - BENTELER Group has called off the sale of its Shreveport, La., USA, tube plant to Tenaris, citing strategic and economic reasons.

Timken Acquires American Roller Bearing

02 February 2023 - Bearings maker The Timken Co. has acquired the assets of American Roller Bearing Co. (ARB) for an undisclosed amount, the company has announced.

Hotwork USA Now a Part of German Industrial Services Provider

01 February 2023 - Lexington, Ky.-based refractory dry-out and heat-up specialist Hotwork USA LLC has joined the ROBUR Industry Service Group, expanding the industrial furnace services the group is able to offer.

Outokumpu Finalizes Sale of Long Products Unit

03 January 2023 - Outokumpu has completed the sale of its stainless long products business to Marcegaglia after competition regulators approved the deal.