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Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
U. S. Steel Canada Stakeholders in Talks With Potential Buyers, Investors
11 January 2016 - Outside investors are taking a look at buying -- or buying into -- U. S. Steel Canada Inc. (USSC), which has been operating under creditor protection since September 2014, reports The (Toronto) Globe and Mail newspaper.
Tata Steel Negotiating Sale of European Long Products Business
22 December 2015 - Tata Steel is in talks with investment firm Greybull Capital to sell its European long products business, the company has announced.
Outokumpu Finalizes Divestment of Mexican Joint Venture
17 December 2015 - Stainless manufacturer Outokumpu has closed on a deal to sell its stake in its tubular joint venture in Mexico to partner F.E.R. Fischer Edelstahlrohre GmbH.
Consolidated Systems Carves Up Processing Business
16 December 2015 - North America’s largest independent coil coater has acquired the coating and processing assets of Consolidated Systems Inc.’s Consolidated Metal Products unit.
Outotec Finalizes Acquisition of South Africa's Sinter Plant Services
15 December 2015 - Outotec has closed on a deal to buy Sinter Plant Services CC in South Africa, the company has announced.
Outokumpu Sheds Majority Stake in Joint Venture
11 December 2015 - Finland’s Outokumpu has completed the divestment of most of its stake in its Chinese joint venture, Shanghai Krupp Stainless Co. Ltd. (SKS), the company has announced.
Window Screen Manufacturer Acquires New York Wire for US$8.8 Million
10 December 2015 - A mesh and screen manufacturer is acquiring the U.S. assets of bankrupt New York Wire in a cash deal, the company has announced.
Newspaper: Three Firms Competing to Buy Tata Steel European Operation
07 December 2015 - A deal to acquire Tata Steel's European long products business could come as soon as this week, according to a report in The (London) Telegraph newspaper.
Italian Transformer Manufacturer Finalizes Acquisition
03 December 2015 - Italy’s Tamini Trasformatori Srl has closed on a deal to acquire transformer manufacturer Transformer Electro Service Srl (TES), the company has announced.
Kennametal Closes on Divestment of Plate Fabrication, Castings Businesses
02 December 2015 - Tooling maker Kennametal Inc. has completed the sale of several non-core businesses to Chicago-based Madison Industries, the company has announced.
Reliance Steel Adds Tube Distributor to Network
01 December 2015 - North America’s largest metals service center is acquiring U.S.- based Tubular Steel Inc. for an undisclosed amount, the company has announced.
Expanding on Previous Acquisition, Atlas Copco Sweeps Up Second Vacuum Business
20 November 2015 - Swedish compressor manufacturer Atlas Copco is acquiring Oerlikon’s Leybold Vacuum business in a deal based on an enterprise value of CHF525 million, the company said.
Industrial Cable Manufacturer Finalizes Acquisition, Looks to Grow in Latin America
13 November 2015 - U.S.-based TPC Wire & Cable Corp. has closed on its acquisition of its Mexican distributor, Enersave Wire & Cable, TPC has announced.
Nucor to Acquire Cold Finish Bar Assets in Ohio and Georgia
09 November 2015 - Nucor Corp. is acquiring two Gerdau Long Steel bright bar facilities for an undisclosed amount, Nucor has announced.
Outotec to Acquire South African Mill Services Business
02 November 2015 - Outotec is acquiring South Africa’s Sinter Plant Services CC to complement its service offerings for the country’s ferrochrome market, Outotec has announced.
Cargill Sells Stake in USA Mini-Mill
29 October 2015 - Cargill Inc. is selling its interest in its mini-mill joint venture to partner BlueScope Steel for $720 million, the company has announced.
Have Assets for Sale? Nucor Might Be Interested in Hearing From You
26 October 2015 - With access to more than $3 billion in cash in credit, Nucor Corp. is in a good position to make opportunistic acquisitions in a challenging market, CEO John Ferriola said on 26 October.
Outokumpu Divests Majority Interest In China Joint Venture
21 October 2015 - Stainless producer Outokumpu is divesting most of its stake in its Shanghai Krupp Stainless Co. Ltd. joint venture in China, the company has announced.
ArcelorMittal Transferring Algerian Operations to State-Owned Company
07 October 2015 - The world’s largest steelmaker is exiting Algeria and handing over its shares in steel mills and mines there to the Algerian government.
Stainless Steel Manufacturer Sells Stake in Tube Business
30 September 2015 - Outokumpu is divesting its stake in its Mexican stainless tube joint venture for US$63 million and will use the proceeds to pay down debt, the company has announced.
