Steel News

Tata Steel Expresses Interest in Purchasing RINL

18 August 2021 - According to its chief executive, Tata Steel is interested in acquiring state-owned Rashtriya Ispat Nigam Ltd. (RINL).

Schnitzer Steel Acquires Eight Scrap Yards, Restarts Cascade Steel Meltshop

18 August 2021 - Oregon-based Cascade Steel Rolling Mills is restarting production following a May 2021 meltshop fire as its corporate parent looks to close an acquisition of a southeastern U.S. scrap recycler.

Nucor Completes Purchase of Insulated Metal Panels Business

11 August 2021 - Nucor Corp. has officially acquired Cornerstone Building Brands’ insulated metal panels (IMP) business for a price tag of around US$1 billion, the steelmaker announced yesterday.

SHS Group Acquires LIBERTY Steel’s French Operations

09 August 2021 - The parent company of Saarstahl and Dillinger have officially added two of LIBERTY Steel’s mills in France to its holdings, the company has announced.

Reliance Steel & Aluminum Co. to Acquire Merfish United

05 August 2021 - Reliance Steel & Aluminum Co. announced Wednesday that it has entered into a definitive agreement to acquire tubular building products distributor Merfish United.

thyssenkrupp Divests Mining Business

03 August 2021 - thyssenkrupp has sold off its mining arm in line with its ongoing restructuring efforts, the company announced last Friday.

Nucor to Acquire Steel Racking Manufacturer in US$370M Deal

20 July 2021 - Nucor Corp. is expanding its portfolio of downstream businesses, announcing Tuesday that it will acquire racking manufacturer U.S.-based Hannibal Industries for US$370 million.

China Baowu Steel Could Grow Even Larger

19 July 2021 - The world’s largest steel producer could reinforce its position through a potential acquisition of another Chinese producer, reports Nikkei Asia.

American Zinc To Be Acquired Through US$450M Deal

17 June 2021 - Mill environmental services contractor American Zinc Recycling is being sold to Luxembourg-based Befesa S.A., giving it its first North America operation and a foothold in the growing EAF steelmaking market in United States.

Industry Services Expands Through Acquisition

15 June 2021 - Refractory maintenance contractor Industry Services Co. has acquired three U.S. and Canadian refractory and industrial maintenance services companies.

Nucor Makes US$1B Acquisition in Construction Products Market

07 June 2021 - Nucor Corp. is taking a bigger step into the downstream construction market, announcing Monday that it has an agreement to acquire Cornerstone Building Brands’ insulated metal panel (IMP) business for US$1 billion in cash.

Merger Will Make Algoma Steel Publicly Traded

25 May 2021 - An investment group has announced a deal to acquire Canada’s Algoma Steel Inc. and plans to take the steelmaker public.

Paragon Acquires Ohio Carbon Steel Distributor

25 May 2021 - Flat-rolled processor Paragon Steel has acquired Ohio carbon steel distributor Buckeye Metals Industries for an undisclosed amount.

SMS group Brings Paul Wurth Fully Under Its Roof

21 April 2021 - SMS group has acquired the remaining stake in its Paul Wurth unit from the Luxembourg government and state-owned banks, making it the sole owner of the plant engineering business, the company announced Wednesday.

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.