Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
Nucor, Vale Complete Purchase of California Steel Industries Shares
03 February 2022 - In separate statements this week, Nucor and Vale announced that the former’s purchase of the latter’s 50% equity interest in California Steel Industries (CSI) has completed.
Steel Dynamics Purchases Minority Interest in New Process Steel
01 February 2022 - Steel Dynamics Inc. (SDI) has acquired a 45% minority stake in metals processor and distributor New Process Steel, the steelmaker reported yesterday.
Nippon Steel to Acquire Two Thai Steelmakers
24 January 2022 - The Reuters news service reported on Friday that Japan's Nippon Steel is set to purchase two electric arc furnace steelmakers in Thailand in a US$763 million deal.
ATI California Facility Sold to Ulbrich Stainless
10 January 2022 - Steel re-roller and distributor Ulbrich Stainless Steels & Special Metals Inc. has acquired ATI Specialty Rolled Products’ Pico Rivera, Calif., USA, service center, according to an official press release.
Mazzella Companies Expands U.S. Footprint Through CIS Acquisition
05 January 2022 - Overhead lifting and rigging equipment manufacturer and distributor Mazzella Companies has acquired Contractors & Industrial Supply Co. Inc. (CIS) for an undisclosed amount, the company has announced.
AZZ Inks Deal to Purchase Steel Creek Galvanizing
04 January 2022 - AZZ Inc. announced yesterday that it has acquired South Carolina, USA-based galvanizer Steel Creek Galvanizing Co. LLC for an undisclosed sum.
Rotax Metals Inc. Acquired by Reliance Steel & Aluminum Co.
21 December 2021 - California-based Reliance Steel & Aluminum Co. announced yesterday that it has acquired service center Rotax Metals Inc.
Reliance Steel & Aluminum Co. Makes Two Acquisitions
14 December 2021 - California-based metals service center Reliance Steel & Aluminum Co. announced two acquisitions this week, of Admiral Metals Servicecenter Co. Inc., a distributor of non-ferrous metal products, and of Nu-Tech Precision Metals Inc., a manufacturer of specialty extruded metals, fabricated parts and welded components.
Nucor Stakes Majority Claim to California Steel Industries
13 December 2021 - In a press release, Nucor Corp. announced today that it entered into agreements to acquire a majority ownership position in California Steel Industries Inc. (CSI), consisting of a 50% equity interest from a subsidiary of Vale S.A. and 1% from JFE Steel Corp.
Report: Ezz Steel to Acquire Stake in Egyptian Steel
13 December 2021 - According to reports, Ezz Steel is set to acquire Ahmed Abou Hashima’s 18% stake in Egyptian Steel in a EGP 2.5 billion transaction.
SMS group to Acquire 50% Stake in Industrial Services Provider
13 December 2021 - SMS group announced last week it has entered into an agreement, together with Sweden-based investor Altor Fund V, to acquire a 50% stake in global industrial services company KAEFER.
CMC to Acquire Tensar Corp.
08 December 2021 - Commercial Metals Company (CMC) announced yesterday it is to acquire subgrade soil reinforcement solutions provider TAC Acquisition Corp. (Tensar).
CSN to Purchase Metal Can Producer
01 December 2021 - The Brazilian steelmaker announced last week it has entered into an agreement to acquire metal can maker Metalgráfica, reports Reuters.
Report: Nippon Steel in Talks to Acquire Southeast Asian Steel Mill
30 November 2021 - According to a senior executive, the Japanese steelmaker is in talks to buy a steel mill in Southeast Asia to secure ironmaking resources, reports Reuters.
Charter Manufacturing Acquires Green Sand Foundry
23 November 2021 - Charter Manufacturing announced today that it has acquired Wisconsin-based Aarrowcast Inc., a privately held manufacturer of high-quality gray and ductile iron castings.
Primetals Technologies Italy Sold to German Investor
17 November 2021 - Shares of Primetals Technologies Italy S.r.l., Marnate (Italy), were transferred by Primetals Technologies Ltd., London (U.K.), to German investor Callista Private Equity GmbH last month.
BlueScope Acquires U.S. Scrap Business
08 November 2021 - Australian steel producer BlueScope announced on Friday that it has entered into a US$240 million agreement to purchase two operating sites belonging to ferrous scrap steel recycling business MetalX LLC.
Worthington Industries Purchases Tempel Steel Co.
03 November 2021 - Ohio-based Worthington Industries Inc. announced that its steel processing segment will acquire Tempel Steel Co., a manufacturer of precision motor and transformer laminations.
Algoma Once Again Is a Publicly Traded Company
20 October 2021 - Algoma Steel and the entity created to buy the Canadian steel producer have finalized the sale, marking the start of a new chapter for Algoma.
SDI to Acquire Minority Interest in New Process Steel
18 October 2021 - Steel Dynamics Inc. (SDI) announced in a press release that it has entered into an agreement to acquire a 45% minority interest in Houston, Texas, USA-based metals solutions provider New Process Steel L.P.
