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Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
Acquisition Expands Spraying Systems Offerings
09 February 2023 - U.S.-based industrial spray nozzle maker Spraying Systems Co. has acquired Cloud Co., a manufacturer of rotating, fluid-driven, spray-washing devices for cleaning tank interiors.
Germany’s Deurotech Expands Offerings Through Oschatz Acquisition
08 February 2023 - Germany’s Deurotech Group has acquired waste heat boiler and waste gas cooling systems specialist Oschatz Energy and Environmental GmbH and renamed the business Oschatz Power.
BENTELER Halts North American Tube Mill Sale
06 February 2023 - BENTELER Group has called off the sale of its Shreveport, La., USA, tube plant to Tenaris, citing strategic and economic reasons.
Timken Acquires American Roller Bearing
02 February 2023 - Bearings maker The Timken Co. has acquired the assets of American Roller Bearing Co. (ARB) for an undisclosed amount, the company has announced.
Hotwork USA Now a Part of German Industrial Services Provider
01 February 2023 - Lexington, Ky.-based refractory dry-out and heat-up specialist Hotwork USA LLC has joined the ROBUR Industry Service Group, expanding the industrial furnace services the group is able to offer.
Outokumpu Finalizes Sale of Long Products Unit
03 January 2023 - Outokumpu has completed the sale of its stainless long products business to Marcegaglia after competition regulators approved the deal.
Olympic Steel Expands Through US$131 Million Acquisition
03 January 2023 - Olympic Steel Inc. has acquired steel venting and filtration products fabricator Metal-Fab Inc. for US$131 million, the company has announced.
HarbisonWalker Agrees to Be Acquired by Private Equity Firm
16 December 2022 - Refractories maker HarbisonWalker International is being acquired by a private equity firm that plans to expand the manufacturer's reach by combining it with a refractories producer in Europe.
Gerdau Invests in Solar, Wind Energy Developer
01 December 2022 - Gerdau is taking a stake in renewable energy producer Newave Energia as a way to support its decarbonization goals, according to a company announcement.
LIBERTY Steel Buys Asian EAF Mill, Plans to Relocate Equipment to Europe
29 November 2022 - LIBERTY Steel Group is acquiring KG Steel’s Dongbu plant in South Korea and intends to move the equipment to Romania, the company has announced.
Australian Long Products Maker Sets Sights on U.S. Wire Rod Assets
17 November 2022 - Australian long products manufacturer InfraBuild intends to acquire the U.S. wire rod arm of its parent company, GFG Alliance.
CMC Adds Scrap Capacity in Texas
16 November 2022 - Commercial Metals Company (CMC) has acquired a Galveston, Texas, USA, scrap recycler, bringing an additional 55,000 tons of ferrous and non-ferrous scrap under its roof.
Shell Acquires Biobased Lubricants Business
09 November 2022 - Shell subsidiaries in Europe and the U.S. are acquiring the environmentally considerate lubricants (ECLs) business of the PANOLIN Group, the energy company has announced.
SDI Grows Mexican Scrap Capacity Through Acquisition
04 October 2022 - Steel Dynamics Inc. has finalized its acquisition of Mexican metals recycler ROCA ACERO S.A. de C.V., completing a deal that adds 850,000 gross tons of processing capacity to its raw materials assets.
Commercial Metals Company Expands Internal Scrap Supply
19 September 2022 - Long products maker Commercial Metals Company (CMC) has acquired a California-based scrap processor and broker to help secure an in-house supply for its expanding Arizona operations.
AM/NS Agrees to Buy Infrastructure Assets for US$2.5B
26 August 2022 - Joint venture AM/NS India is acquiring port and energy assets from Essar Group for US$2.4 billion, the companies said on Friday.
Gerdau North America Expands Rail Offerings
05 August 2022 - Gerdau’s North American long steel division has closed its acquisition of a rail products manufacturing operation in Quebec, Canada, the company said Friday.
ArcelorMittal Acquiring 3M Metric Tons of Slabmaking Capacity in Brazil
28 July 2022 - ArcelorMittal is acquiring Brazilian slab producer Companhia Siderúrgica do Pecém (CSP) for approximately US$2.2 billion, the steelmaker said on Thursday.
Fives Supplies Electric Steel Cold Rolling Mills to Baowu
13 July 2022 - China's Baowu Group contracted global industrial engineering group Fives for the design and supply of two reversible cold rolling mills with automatic roll change for production of electric steel at Baoshan and Wuhan production sites.
Outokumpu Divests Majority of Long Products Segment to Marcegaglia
13 July 2022 - Finnish steelmaker Outokumpu has signed an agreement to divest the majority of its Long Products business to Italy’s Marcegaglia Steel Group.
