Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
American Zinc To Be Acquired Through US$450M Deal
17 June 2021 - Mill environmental services contractor American Zinc Recycling is being sold to Luxembourg-based Befesa S.A., giving it its first North America operation and a foothold in the growing EAF steelmaking market in United States.
Industry Services Expands Through Acquisition
15 June 2021 - Refractory maintenance contractor Industry Services Co. has acquired three U.S. and Canadian refractory and industrial maintenance services companies.
Nucor Makes US$1B Acquisition in Construction Products Market
07 June 2021 - Nucor Corp. is taking a bigger step into the downstream construction market, announcing Monday that it has an agreement to acquire Cornerstone Building Brands’ insulated metal panel (IMP) business for US$1 billion in cash.
Merger Will Make Algoma Steel Publicly Traded
25 May 2021 - An investment group has announced a deal to acquire Canada’s Algoma Steel Inc. and plans to take the steelmaker public.
Paragon Acquires Ohio Carbon Steel Distributor
25 May 2021 - Flat-rolled processor Paragon Steel has acquired Ohio carbon steel distributor Buckeye Metals Industries for an undisclosed amount.
SMS group Brings Paul Wurth Fully Under Its Roof
21 April 2021 - SMS group has acquired the remaining stake in its Paul Wurth unit from the Luxembourg government and state-owned banks, making it the sole owner of the plant engineering business, the company announced Wednesday.
Potential Merger Could Give Rise to Super-Sized Steel Producer
16 April 2021 - Two Chinese steelmakers are reviving merger discussions that could lead to the formation of one of the world’s largest steelmakers, according to the Bloomberg news service.
ArcelorMittal Finalizes New Ownership Plan for ILVA
15 April 2021 - ArcelorMittal has completed an agreement that gives control of its ILVA business to a public-private partnership.
Solaronics Expands Product Offerings Through Acquisition
06 April 2021 - Industrial heating and drying systems specialist Solaronics SAS has acquired gas burner and combustion systems maker Selas Heat Technology for an undisclosed amount, according to an announcement.
Acquisition Deepens Flat-Rolled Distributor's Footprint
25 March 2021 - U.S. flat-rolled distributor Mill Steel Co. has acquired the commercial assets of a California-based steel trading and seller of pre-painted and coated coil products.
U. S. Steel Snaps Up IP Rights to High-Strength Grades
04 March 2021 - United States Steel Corporation has acquired the patents and trademarks related to proprietary sheet steels developed by Rhode Island-based The NanoSteel Co.
thyssenkrupp, LIBERTY Steel Fail to Reach Agreement on Steel Business Sale
18 February 2021 - thyssenkrupp has ended talks over a sale of its steelmaking business to LIBERTY Steel Group, saying on Thursday that it was unable to reach an agreement.
SSAB Halts IJmuiden Talks With Tata Steel
29 January 2021 - SSAB has broken off discussions with Tata Steel over a possible acquisition of Tata’s IJmuiden steel mill in the Netherlands and related downstream assets, saying that there were limited possibilities to integrate the facility into SSAB’s strategic framework.
LIBERTY Steel Updates thyssenkrupp Offer
25 January 2021 - LIBERTY Steel Group has made what it's calling a firmed-up bid for thyssenkrupp’s steel unit, reports commodities news and pricing service S&P Global Platts.
A Historic Moment: U. S. Steel Closes Big River Acquisition
15 January 2021 - United States Steel Corp. finalized its acquisition of Big River Steel on Friday, closing a deal that combines the process technology of America’s youngest steelmaking company with the customer base, capacity, research and development, and product portfolio of one of the country’s oldest.
TMS International Expands Through Stein Acquisition
05 January 2021 - Mill services contractor TMS International is bolstering its U.S. footprint, acquiring Cleveland, Ohio-based Stein LLC and Stein Steel Mill Services LLC for an undisclosed amount, the company has announced.
Contractors Steel Expands Footprint, Product Offerings
15 December 2020 - Midwestern U.S. and Canadian steel service center Contractors Steel has acquired a leading distributor specializing in light structurals and specialty metals.
Goncalves: We’ll Reinvest in ArcelorMittal Facilities
14 December 2020 - With its acquisition of ArcelorMittal USA’s integrated mills a done deal, Cleveland-Cliffs Inc. has turned its attention to incorporating those facilities into its footprint.
Acquisition Expands Olympic Steel’s Specialty Metals Business
14 December 2020 - Olympic Steel Inc. has acquired the assets of Texas-based stainless steel and aluminum products distributor Action Stainless & Alloys for an undisclosed amount.
It’s Official: ArcelorMittal USA Mills Now Belong to Cleveland-Cliffs
09 December 2020 - Cleveland-Cliffs Inc. has finalized its acquisition of ArcelorMittal USA and bought out a would-be partner in two jointly owned sheet processing facilities, the company announced Wednesday.
