Assets For Sale
Here’s who has been put on the sales block.
Latest News
Union Remains Hopeful for Deal to Save Hamilton Specialty Bar
29 March 2018 - Even as Canadian SBQ manufacturer Hamilton Specialty Bar (2007) Inc. faces liquidation, talks are continuing with a potential buyer who intends to continue operating the business, and the United Steelworkers union remains optimistic that a deal can be struck, reports Canadian news radio station AM900 CHML.
Looking to Reduce Debt, CSN Eyes Asset Sales
28 March 2018 - Companhia Siderurgica Nacional chief executive Benjamin Steinbruch said the Brazilian steelmaker is planning to sell between US$600 and US$901 million worth of assets this year to pay down debt, reports the Reuters news service.
Deadline to Save Canadian Bar Maker Passes Without an Offer
27 March 2018 - Canadian SBQ maker Hamilton Specialty Bar (2007) Inc. is to be liquidated after a would-be buyer failed to finalize an offer for the business.
Essar Steel Creditors Call for Redo on Bidding
22 March 2018 - Essar Steel Ltd.’s creditors committee has rejected offers from both ArcelorMittal and an entity led by a Russian bank on grounds that both were ineligible to bid under Indian insolvency rules, according to reports.
Deadline for Hamilton Specialty Bar Sale Draws Near
22 March 2018 - An investment firm is scrambling to finalize a bid for insolvent SBQ maker Hamilton Specialty Bar in Canada before a deadline Monday.
Essar Steel Might Have a New Plant in Its Future
15 March 2018 - ArcelorMittal president Aditya Mittal said the company will consider building a new steel plant in India if it wins the bidding for Essar Steel, reports the Business Line newspaper.
Bhushan Steel Creditors Select Offer for Company
08 March 2018 - Tata Steel Ltd.’s bid for a controlling stake in Indian cold-rolled producer Bhushan Steel has been selected as the prevailing offer, Tata said on Wednesday.
ArcelorMittal Tag-Teams With Japanese Steelmaker on Essar Bid
02 March 2018 - ArcelorMittal is partnering with Nippon Steel & Sumitomo Metal Corp. (NSSMC) to acquire Essar Steel India Ltd., the steelmaker said on Friday.
Three Vying for Ownership of Bhushan Steel
20 February 2018 - Officials overseeing Bhushan Steel Ltd.’s insolvency process have begun weighing offers for the Indian cold-rolled producer, according to the Press Trust of India.
Essar Steel Attracts Offer from World's Leading Steel Producer
12 February 2018 - ArcelorMittal has laid an offer on the table for distressed flat-rolled producer Essar Steel India, the company disclosed on Monday.
Report: ArcelorMittal Divests Stake in Indian Steelmaker
07 February 2018 - ArcelorMittal is cashing out its stake in India’s Uttam Galva, freeing it to bid on troubled steel assets elsewhere in the country, reports India’s Business Standard.
Gerdau Reaches Deal to Sell Texas Mill
31 January 2018 - Looking to focus more on its value-added business, Gerdau SA said Wednesday that it is divesting its Beaumont, Texas, USA, wire rod mill and two downstream facilities.
Swiss Steelmaker Makes Prevailing Offer for Troubled French Company
29 January 2018 - A Swiss specialty long steel manufacturer has been named the preferred bidder for France’s Ascometal, according to the Reuters news service.
Offers for Bhushan Steel Stack Up
19 January 2018 - The interest in India’s ailing Bhushan Steel Ltd. appears to be piling up.
Canadian Bar Maker Put Up for Sale, Faces Potential Liquidation
18 January 2018 - Canadian special bar quality manufacturer Hamilton Specialty Bar (2007) Inc. was officially put up for sale on Thursday after one of its lenders called a CDN$27.5 million loan and forced it into receivership earlier this month.
Report: SAIL, ArcelorMittal Consider Joint Offer for Indebted Steelmaker
09 January 2018 - ArcelorMittal and the Steel Authority of India Ltd. (SAIL) reportedly are weighing a joint bid for India’s Bhushan Steel, which was forced into insolvency proceedings last year, reports financial portal moneycontrol.com.
GFG Alliance Acquires Australian Coking Coal Mine
02 January 2018 - The family-owned company that acquired Australia’s Whyalla steel works last summer has a deal to buy a metallurgical coal mine that supplies it.
Investment Firm Acquires Steel Technical Center
27 December 2017 - An investment firm that owns metals and logistics businesses has acquired Heidtman Steel’s automotive steel technical center for an undisclosed amount.
Steelmaker Closes on Deal for Shuttered Wire Rod Plant
21 December 2017 - British steelmaker Liberty House Group has completed its acquisition of a closed wire rod plant in South Carolina and plans to restart production this spring.
Sandvik Hires a New President, Divests Welding Wire Business
30 October 2017 - Sandvik Materials Technology has named a current executive as its new president, the company said on Monday.
