Mergers & Acquisitions

Who's buying and who's selling iron and steel assets.

Latest News

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.

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.

Report: Steel Giants Team Up in Bid for Indian Manufacturer

29 January 2018 - Nippon Steel & Sumitomo Metal Corp. and ArcelorMittal are going in together on a bid for India’s Essar Steel, reports The (India) Economic Times.

General Carbide Acquires Specialized Auto Tool and Die Business

23 January 2018 - Pennsylvania-based tooling maker General Carbide Corp. has acquired Only Tool, a tooling manufacturer that serves automotive suppliers.

Fives Expands Machine Tool Services Business Through Acquisition

09 January 2018 - Konecranes has sold its U.S.-based machine tool service unit to industrial engineer Fives for an undisclosed amount, Fives said on Tuesday.

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.

ArcelorMittal Wades Deeper Into Solar Market

05 January 2018 - ArcelorMittal is acquiring the assets of a bankrupt manufacturer of solar farm trackers, the steelmaker has announced.

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.

thyssenkrupp, Union Reach Deal on Steel Joint Venture

26 December 2017 - Germany’s thyssenkrupp AG has come to terms on a labor agreement with its union workforce, a critical step toward finalizing the joint venture combination of its steelmaking business with Tata Steel Ltd.'s European operations.

Fives Expands Lineup of Pipe and Tube Machines

26 December 2017 - Machine builder and industrial engineer Fives has acquired the intellectual property of an Italian manufacturer of pipe and tube equipment.

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.

FLANDERS Grows Customer Base Through Acquisition

21 December 2017 - U.S.-based power and control systems manufacturer and engineer FLANDERS Inc. has acquired an electric motor repair shop for an undisclosed amount, the company has announced.

Sandvik Strikes Deal to Sell Tooling Components Manufacturer

08 December 2017 - U.S.-based private equity firm KKR has reached an agreement to acquire Sandvik Hyperion, a manufacturer of industrial tooling components, for about US$472.3 million.

Mexican Furnace Maker Expands Through U.S. Acquisition

10 November 2017 - Industrial furnace manufacturer Nutec Bickley has acquired the key assets of U.S.-based Olson Industries for an undisclosed amount.

Competition Worries Prompt EU to Take Closer Look at ArcelorMittal-ILVA Deal

08 November 2017 - Competition regulators at the European Commission are taking a closer look at ArcelorMittal’s plan to acquire Italy’s ILVA, fearing that the deal may lead to higher prices for hot-rolled, cold-rolled and galvanized flat products, especially in southern Europe.