Assets For Sale
Here’s who has been put on the sales block.
Latest News
CMC Selling Land Under California Operations
30 September 2021 - Commercial Metals Company (CMC) in a press release today announced it will be selling the land where its steel and rebar operations stood in California.
Olympic Steel Selling Detroit Assets and Operations
20 September 2021 - Olympic Steel announced the sale of its Detroit, Mich., USA, operations and assets.
Report: Teck Resources Mulling Divestment of US$8 Billion Steelmaking Coal Operations
15 September 2021 - Canadian mining giant Teck Resources Ltd. is reportedly considering sale or spin-off its metallurgical coal business, according to Bloomberg 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.
