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Assets For Sale
Here’s who has been put on the sales block.
Latest News
U. S. Steel Sells Railroad Operation for US$640M
08 June 2021 - United States Steel Corporation has agreed to divest its railroad unit for US$640 million and will use the proceeds to pay down debt.
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 Restarts Polish Heavy Plate Mill
12 January 2021 - LIBERTY Steel Group is leasing one of Poland’s largest steel mills and has resumed production, the company has announced.
Tata Steel Europe, SSAB Open Talks on Ijmuiden Acquisition
13 November 2020 - Tata Steel Europe is splitting its U.K. and Netherlands operations into two units as it begins to negotiate a potential sale of the Netherlands business to SSAB.
Germany, thyssenkrupp Discuss Rescue Plan
10 November 2020 - thyssenkrupp is negotiating a rescue package with the German government said to be worth EUR5 billion, according to the Bloomberg news service.
Could the Next Owners of thyssenkrupp steel Include Germany’s Government? Maybe, CEO Says.
02 November 2020 - thyssenkrupp is keeping its options open as it tries to find a new path for its steel unit, including government ownership, reports the Reuters news service.
Nucor Adds a Splash of Color to Its Product Portfolio
29 October 2020 - Nucor Corp. is further expanding the capabilities of its Arkansas sheet mill, announcing Wednesday that it will acquire a neighboring paint line.
EU Steel Industry Faces Major Changes
22 October 2020 - The potential sale of thyssenkrupp’s steel unit is a reflection of the challenges faced by EU steelmakers, and of the industrywide changes that are afoot, reports Deutsche Welle.
LIBERTY Steel Adds Two French Mills to Portfolio
14 August 2020 - LIBERTY Steel Group has acquired the Hayange rail mill and Ascoval steel works in France, giving the facilities a new lease on life.
GFG Alliance Enters Indian Steel Market Through Acquisition
18 February 2020 - GFG Alliance has acquired a distressed steelmaking operation in India for the equivalent of US$60 million in cash, giving the company its first foothold in the country.
Liberty Steel to Acquire Bankrupt Bayou Steel for US$28 Million
26 December 2019 - Sanjeev Gupta’s Liberty Steel Group has been named the preferred buyer for bankrupt long products maker Bayou Steel Group, which suddenly halted operations this fall and laid off more than 400 people.
Report: Big River, Liberty Steel Eye Electrical Steel Plant
12 December 2019 - Tata Steel Europe will mothball rather than permanently close its electrical steel plant in Wales while two potential buyers, one of which is said to be Big River Steel, kick the tires on the facility, according to the South Wales Argus newspaper.
Vale to Exit Brazilian Joint Ventures
05 December 2019 - Iron ore producer Vale plans to withdraw from its steel plant joint ventures in Brazil, choosing instead to focus on its mining operations, reports news and commodities pricing service S&P Global Platts.
Jingye Steel Enters Agreement to Buy British Steel
13 November 2019 - China’s Jingye Group has struck an agreement to acquire long steel manufacturer British Steel Ltd., ending months of uncertainty about its future.
Report: Chinese Steelmaker Closes in on Outline Agreement to Buy British Steel
07 November 2019 - China’s Jingye Group is said to be at the top of the list to buy the U.K.’s second largest steel producer and could strike a deal in the coming week, according to reports.
A Window Closes For One British Steel Bidder, But Opens for Others
28 October 2019 - Officials from China’s Jingye Group are to visit British Steel this week after the company’s court-appointed receiver and the preferred bidder failed to reach a sales agreement during a 10-week exclusivity period, reports the (London) Financial Times.
Sinosteel Acquires Australian Iron Ore Project
23 October 2019 - Mitsubishi Corp. is selling a nearly AUD$10 billion iron ore project and associated rail and port project to China’s Sinosteel, a development that could give Western Australia its next major iron ore exporting region.
Liberty House Revisits Bid for British Steel
23 October 2019 - Sanjeev Gupta’s Liberty House Group has renewed discussions about taking over financially troubled British Steel, the U.K.’s second-largest steel producer, according to Sky News.
