Steel News

Olympic Steel Expands Through US$131 Million Acquisition

03 January 2023 - Olympic Steel Inc. has acquired steel venting and filtration products fabricator Metal-Fab Inc. for US$131 million, the company has announced.

HarbisonWalker Agrees to Be Acquired by Private Equity Firm

16 December 2022 - Refractories maker HarbisonWalker International is being acquired by a private equity firm that plans to expand the manufacturer's reach by combining it with a refractories producer in Europe.

Gerdau Invests in Solar, Wind Energy Developer

01 December 2022 - Gerdau is taking a stake in renewable energy producer Newave Energia as a way to support its decarbonization goals, according to a company announcement.

LIBERTY Steel Buys Asian EAF Mill, Plans to Relocate Equipment to Europe

29 November 2022 - LIBERTY Steel Group is acquiring KG Steel’s Dongbu plant in South Korea and intends to move the equipment to Romania, the company has announced.

Australian Long Products Maker Sets Sights on U.S. Wire Rod Assets

17 November 2022 - Australian long products manufacturer InfraBuild intends to acquire the U.S. wire rod arm of its parent company, GFG Alliance.

CMC Adds Scrap Capacity in Texas

16 November 2022 - Commercial Metals Company (CMC) has acquired a Galveston, Texas, USA, scrap recycler, bringing an additional 55,000 tons of ferrous and non-ferrous scrap under its roof.

Shell Acquires Biobased Lubricants Business

09 November 2022 - Shell subsidiaries in Europe and the U.S. are acquiring the environmentally considerate lubricants (ECLs) business of the PANOLIN Group, the energy company has announced.

SDI Grows Mexican Scrap Capacity Through Acquisition

04 October 2022 - Steel Dynamics Inc. has finalized its acquisition of Mexican metals recycler ROCA ACERO S.A. de C.V., completing a deal that adds 850,000 gross tons of processing capacity to its raw materials assets.

Commercial Metals Company Expands Internal Scrap Supply

19 September 2022 - Long products maker Commercial Metals Company (CMC) has acquired a California-based scrap processor and broker to help secure an in-house supply for its expanding Arizona operations.

AM/NS Agrees to Buy Infrastructure Assets for US$2.5B

26 August 2022 - Joint venture AM/NS India is acquiring port and energy assets from Essar Group for US$2.4 billion, the companies said on Friday.

Gerdau North America Expands Rail Offerings

05 August 2022 - Gerdau’s North American long steel division has closed its acquisition of a rail products manufacturing operation in Quebec, Canada, the company said Friday.

ArcelorMittal Acquiring 3M Metric Tons of Slabmaking Capacity in Brazil

28 July 2022 - ArcelorMittal is acquiring Brazilian slab producer Companhia Siderúrgica do Pecém (CSP) for approximately US$2.2 billion, the steelmaker said on Thursday.

Fives Supplies Electric Steel Cold Rolling Mills to Baowu

13 July 2022 - China's Baowu Group contracted global industrial engineering group Fives for the design and supply of two reversible cold rolling mills with automatic roll change for production of electric steel at Baoshan and Wuhan production sites.

Outokumpu Divests Majority of Long Products Segment to Marcegaglia

13 July 2022 - Finnish steelmaker Outokumpu has signed an agreement to divest the majority of its Long Products business to Italy’s Marcegaglia Steel Group.

Tenaris to Acquire Benteler Steel

11 July 2022 - Tenaris SA announced last week it would acquire U.S. seamless steel pipe producer Benteler Steel & Tube Manufacturing Corp. for US$460 million, according to the Reuters news service.

ArcelorMittal Finalizes HBI Plant Purchase

07 July 2022 - ArcelorMittal has completed its acquisition of a majority stake in a Texas hot briquetted iron (HBI) plant, the company reports.

Nucor Finalizes US$3 Billion Acquisition

24 June 2022 - Nucor Corp. has closed on its US$3 billion acquisition of C.H.I. Overhead Doors, completing a sale that expands its downstream steel products business.

Nucor Adds Metal Utility Poles to Its List of Construction Products

07 June 2022 - Nucor Corp. is expanding its portfolio of downstream steel products businesses, announcing Tuesday that it is acquiring a maker of metal utility and highway signage poles.

Acerinox Halts Merger Discussions With Rival

07 June 2022 - Stainless steel maker Acerinox has ended merger discussions with Aperam, reports the Reuters news service.

Nucor Expands Construction Products Business Through US$3 Billion Acquisition

16 May 2022 - Nucor Corp. announced today it has entered into an agreement to acquire residential and commercial overhead door maker C.H.I. Overhead Doors (C.H.I.) in a cash deal valued at US$3 billion.