Assets For Sale
Here’s who has been put on the sales block.
Latest News
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.
Investment Firm Expresses Interest in Bayou Steel
08 October 2019 - After filing for Chapter 11 bankruptcy last week and planning to close their doors, Bayou Steel Group may have a buyer in investor Jeff Sands.
Bayou Steel Plans Closure, Files for Chapter 11
02 October 2019 - Bayou Steel has declared bankruptcy and intends to permanently close its Louisiana and Tennessee mills by the end of November, reports Bloomberg News.
Turkish Company Named as Preferred Bidder for British Steel
19 August 2019 - The U.K. government announced Friday that Ataer Holdings A.S. will enter exclusive talks to purchase British Steel.
Alabama Coke Plant Sold to Coal Mine Operator
08 August 2019 - Coal miner Bluestone Resources Inc. has acquired a 100-year-old Alabama merchant coke plant, saving a facility that was in danger of closing, it said in a statement.
Quick Sale Sought for British Steel
07 August 2019 - Lenders to U.K. long steelmaker British Steel are pushing for a quick sale of the distressed business as talks continue with two potential buyers, reports Sky News.
Potential Buyers Lining Up to Acquire British Steel
08 July 2019 - The court-appointed receiver overseeing the sale of British Steel says there are several viable offers for the business, but that a sale likely will take some time to complete, reports The Guardian newspaper.
Liberty Finalizes Acquisition of European Mills
02 July 2019 - Sanjeev Gupta’s Liberty Steel has closed on its EUR740 million acquisition of several ArcelorMittal Europe steel plants, completing a deal that establishes Liberty as one of the biggest steelmakers in the continent.
Investors Look to Revive Former U. S. Steel Tube Mill
02 July 2019 - A group of investors has acquired a dormant tube mill in Bellville, Texas, and plan to resume production in the third quarter of this year.
ATI Divests Indiana, Kentucky Forges
04 June 2019 - Allegheny Technologies Inc. has sold two closed-die forging facilities to a Chicago private equity firm for US$37 million in cash, the company said.
Early Interest in British Steel Buoys Hopes
28 May 2019 - Potential buyers are kicking the tires on British Steel, giving some hope that the U.K. long products maker might be saved.
British Steel Collapses Amid Brexit Uncertainty
22 May 2019 - The U.K.’s second-largest steel producer has been thrust into liquidation after it failed to secure a government lifeline.
Joint Venture Wins Bid for Former ArcelorMittal Plant in Trinidad
02 May 2019 - ArcelorMittal’s shuttered Point Lisas facility in Trinidad and Tobago has a new owner, Trinidad and Tobago Newsday reports.
Report: Tata Proposes Divestiture to Win OK for thyssenkrupp European Joint Venture
21 March 2019 - Tata Steel reportedly is willing to sacrifice parts of its steel packaging operations in Europe to gain regulatory approval for its planned joint venture with thyssenkrupp, reports the Reuters news service.
Investment Firm Discussing Acquisition of Canadian Pellet Plant, Steelworkers Say
22 February 2019 - The United Steelworkers union and New York investment firm Bedrock Industries have agreed to open contract talks as Bedrock looks to restart a long-idled iron ore pellet plant in Canada.
Big River Rolls On – On Its Own
08 November 2018 - Big River Steel, the technology company that happens to make steel, will be doing so independently, the company has said.
Commercial Metals Co. Completes US$600M Acquisition of Gerdau Long Mills
05 November 2018 - Gerdau has finalized its sale of four U.S. mini-mills and nearly three dozen rebar fabrication shops to Texas-based Commercial Metals Co., the steelmaker said on Monday.
Report: U.K. Steelmaker Eyes Up Pennsylvania Wire Processor
05 November 2018 - British Steel is said to be looking at buying Pennsylvania’s Johnstown Wire Technologies, the (London) Financial Times reports.
