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Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
CMC Expands Fabrication Operations Through Hawaiian Acquisition
26 October 2016 - A Commercial Metals Co. subsidiary has signed a deal to acquire a Hawaiian rebar fabricator for an undisclosed amount, the company announced on Wednesday.
Tata's Change in Leadership Throws European Steel Merger Into Question
25 October 2016 - Cyrus Mistry’s ouster as chairman of Tata Sons Ltd. might disrupt the conglomerate’s effort to merge its U.K. strip business with thyssenkrupp’s European steel operations, according to the Bloomberg news service.
German Steelmaker in Talks to Sell Brazilian Plant
25 October 2016 - thyssenkrupp might sell its Brazilian steel plant, Companhia Siderúrgica do Atlântico, to Latin American steelmaker Ternium, according to The Wall Street Journal.
Report: Liberty House Eyes Australian Steelmaker
18 October 2016 - Liberty House, the steelmaker and metals trading firm that had looked to acquire Tata Steel’s U.K. strip business, might be turning its attention to a different set of distressed assets, reports the Bloomberg news service.
A Fire Rekindled: How ArcelorMittal's Cleveland Works Reinvented Itself
17 October 2016 - Through innovation, hard work and difficult decisions, employees and managers at the former LTV steel works in Cleveland, Ohio, USA, have transformed the once-shuttered business into one of the world’s most productive steelmaking facilities, if not the most productive.
Independence Tube Acquisition Might Spark Needed Consolidation of Structural Tube Producers, Says Zekelman Industries CEO
05 October 2016 - Nucor Corp.’s acquisition of Independence Tube will benefit the structural tube sector and will likely lead to additional acquisitions within the segment, Zekelman Industries executive chairman and chief executive Barry Zekelman said on Wednesday.
Steel Company Revives Scottish Plate Mills
28 September 2016 - Liberty Steel has recommissioned two affiliated plate mills in Scotland and is looking to eventually increase production to 500,000 metric tons annually, according to the Reuters news service.
Tata Steel Opens Pension Talks with Labor Representatives
26 September 2016 - Tata Steel executives are meeting with labor leaders at its U.K. steel works as the steelmaker looks for an agreement on changes to its pension plan, according to reports.
Kito, Konecranes Ending Alliance, But Not Relationship
26 September 2016 - Japan’s Kito Corp. is dissolving its strategic alliance with Konecranes so that it can bid on Konecranes' hoist and crane components business, which is being divested as part of a separate deal, the companies have announced.
Essar Algoma Lenders, Bondholders Set Recapitalization Plan
23 September 2016 - A majority of Essar Steel Algoma’s term lenders have settled on a recapitalization plan with the company’s bondholders, the Canadian steelmaker has announced.
Investment Firm Takes a Step Toward Acquiring U.S. Steel Canada
23 September 2016 - The Ontario provincial government and an American investment firm have set broader terms of a restructuring plan for U. S. Steel Canada Inc., which has been operating under creditor protection for two years.
Boasteel Merger May Just Be the Beginning of Chinese Steel Industry Consolidation
20 September 2016 - The merger of China’s Baosteel and Wuhan Iron and Steel Group might be the first of several mergers among the country’s steel producers, reports the Bloomberg news service.
Report: Proposed Merger of China's Baosteel, Wuhan Iron and Steel Wins Regulatory Approval
19 September 2016 - A plan to merge two of China’s largest steelmakers into a single entity with more than 60 million tons of capacity has received regulatory approval, reports Caixin magazine.
Nucor Signs Deal to Acquire HSS Manufacturer
19 September 2016 - Nucor Corp. is acquiring structural tube manufacturer Independence Tube Corp. for US$435 million, a move that strengthens its grip on the non-residential construction market.
Linde, Praxair Call Off Merger Discussions
12 September 2016 - Industrial gas suppliers Linde AG and Praxair Inc. have ended merger discussions, the companies confirmed on Monday.
thyssenkrupp Engages Labor on European Steel Restructuring
01 September 2016 - thyssenkrupp and labor representatives have agreed to establish a task force that is to discuss, among other things, whether the company needs to merge steelmaking operations with others, according to the Reuters.
Workers Protest Potential Merger of thyssenkrupp, Tata European Operations
31 August 2016 - Steel workers at Germany’s thyssenkrupp staged a rally on Wednesday to protest the potential merger of the company’s European steel division with Tata Steel’s European unit, reports the Reuters news service.
Hebei Iron & Steel Begins Boosting Sales, Production at Serbian Mill
30 August 2016 - Nearly two months after acquiring Serbia’s ailing Železara Smederevo steel works, Hebei Iron & Steel has managed to lift the facility’s monthly sales and is targeting 1.7 million tons of production in 2017, reports Xinhua, China’s official news agency.
Konecranes Says Its Hoist Business Can Stand on Its Own Financially
24 August 2016 - Had it been a stand-alone entity, Konecranes’ STAHL CraneSystems business would have posted earnings of EUR30 million before interest, taxes, depreciation and amortization in 2015, the company said on Thursday.
Arrium Goes Out on the Road in Search of a Buyer
23 August 2016 - Executives of Australian steelmaker and iron ore miner Arrium are in Asia this week, shopping around the debt-laden business in advance of the release of the formal sale documents, reports The Australian Financial Review.
