Steel News

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.

U. S. Steel Pulls the Trigger on Big River Option

08 December 2020 - United States Steel Corporation has called its option to acquire the remaining stake in Big River Steel for approximately US$774 million in cash, the steelmaker announced Tuesday.

Gerdau Finalizes Rebar Mill Acquisition

03 December 2020 - Gerdau SA has completed its US$110.8 million acquisition of a long products mill in northeastern Brazil.

thyssenkrupp Cracks Open the Books for LIBERTY Steel Group

02 December 2020 - thyssenkrupp has agreed to open its books to LIBERTY Steel Group, which has expressed an interest in acquiring the German technology company’s steel unit, reports the Reuters news service.

U.S. Government OKs Cleveland-Cliffs Acquisition

25 November 2020 - U.S. anti-trust regulators have cleared Cleveland-Cliffs Inc.’s planned acquisition of rival ArcelorMittal USA, the steelmaker said Wednesday.

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.

Nucor Exits Italian Joint Venture

13 November 2020 - Nucor Corp. is divesting its stake in its Italian beam joint venture to partner Duferco, Duferco has announced.