Steel News

SDI to Acquire Mexican Scrap Recycler

16 May 2022 - Steel Dynamics Inc. today announced it has entered into an agreement to acquire the equity interest of scrap metals recycling business ROCA ACERO S.A. de C.V. ("ROCA"), based in Monterrey, Mexico.

Al Tanmiya Sells Iraqi Steel Plant

27 April 2022 - Jordan's Al Tanmiya Steel has completed the sale of its steel operations in Al-Zubair, Basra, Iraq, for US$195 million, according to Iraq-Business News.

ArcelorMittal Acquires Majority Stake in voestalpine’s Texas HBI Plant

14 April 2022 - Luxembourg-based steelmaker ArcelorMittal announced today it has acquired an 80% stake in voestalpine’s hot briquetted iron (HBI) facility in Corpus Christi, Texas, USA.

BlueScope Expands Painting Operations With Acquisition of Coil Coatings

11 April 2022 - The company announced today that it has entered into an agreement to acquire Coil Coatings, the second largest metal painter in the U.S., from Cornerstone Building Brands Inc. for US$500 million.

New Acquisition Expands Nucor’s Steel Racking Offerings

05 April 2022 - The steelmaker announced today that it has acquired Elite Storage Solutions, a steel racking manufacturer with locations in Georgia and Arizona, for US$75 million.

Nippon Steel Acquires Majority Stakes in Thai Steelmakers

05 April 2022 - Nippon Steel has acquired majority stakes in two steelmakers in Thailand, G Steel PCL and G J PCL, the company announced Monday.

DeSHAZO Acquires Integrated Machinery Solutions

08 March 2022 - Integrated Machinery Solutions (IMS), located in Azle, Texas, USA, was acquired by DeSHAZO, according to a press release.

AZZ Buys Precoat Metals in US$1.28 Billion Deal

08 March 2022 - AZZ Inc. will acquire Sequa Corp.’s Precoat Metals division for approximately US$1.28 billion, the company announced yesterday.

ArcelorMittal Acquires Scottish Steel Recycler

03 March 2022 - ArcelorMittal announced it has acquired recycling business John Lawrie Metals Ltd., based in Aberdeen, Scotland.

Ryerson Acquires Sheet Metal Fabricator

02 March 2022 - Industrial metals processor and distributor Ryerson Holding Corp. announced today its acquisition of sheet metal fabricator Apogee Steel Fabrication Inc.

AZZ Inc. Acquires DAAM Galvanizing Co. Ltd.

02 March 2022 - AZZ Inc. announced yesterday that it has entered into an agreement to acquire Edmonton, Alta., Canada-based DAAM Galvanizing Co. Ltd.

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.