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Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
Tenaris to Acquire Benteler Steel
11 July 2022 - Tenaris SA announced last week it would acquire U.S. seamless steel pipe producer Benteler Steel & Tube Manufacturing Corp. for US$460 million, according to the Reuters news service.
ArcelorMittal Finalizes HBI Plant Purchase
07 July 2022 - ArcelorMittal has completed its acquisition of a majority stake in a Texas hot briquetted iron (HBI) plant, the company reports.
Nucor Finalizes US$3 Billion Acquisition
24 June 2022 - Nucor Corp. has closed on its US$3 billion acquisition of C.H.I. Overhead Doors, completing a sale that expands its downstream steel products business.
Nucor Adds Metal Utility Poles to Its List of Construction Products
07 June 2022 - Nucor Corp. is expanding its portfolio of downstream steel products businesses, announcing Tuesday that it is acquiring a maker of metal utility and highway signage poles.
Acerinox Halts Merger Discussions With Rival
07 June 2022 - Stainless steel maker Acerinox has ended merger discussions with Aperam, reports the Reuters news service.
Nucor Expands Construction Products Business Through US$3 Billion Acquisition
16 May 2022 - Nucor Corp. announced today it has entered into an agreement to acquire residential and commercial overhead door maker C.H.I. Overhead Doors (C.H.I.) in a cash deal valued at US$3 billion.
SDI to Acquire Mexican Scrap Recycler
16 May 2022 - Steel Dynamics Inc. today announced it has entered into an agreement to acquire the equity interest of scrap metals recycling business ROCA ACERO S.A. de C.V. ("ROCA"), based in Monterrey, Mexico.
Al Tanmiya Sells Iraqi Steel Plant
27 April 2022 - Jordan's Al Tanmiya Steel has completed the sale of its steel operations in Al-Zubair, Basra, Iraq, for US$195 million, according to Iraq-Business News.
ArcelorMittal Acquires Majority Stake in voestalpine’s Texas HBI Plant
14 April 2022 - Luxembourg-based steelmaker ArcelorMittal announced today it has acquired an 80% stake in voestalpine’s hot briquetted iron (HBI) facility in Corpus Christi, Texas, USA.
BlueScope Expands Painting Operations With Acquisition of Coil Coatings
11 April 2022 - The company announced today that it has entered into an agreement to acquire Coil Coatings, the second largest metal painter in the U.S., from Cornerstone Building Brands Inc. for US$500 million.
New Acquisition Expands Nucor’s Steel Racking Offerings
05 April 2022 - The steelmaker announced today that it has acquired Elite Storage Solutions, a steel racking manufacturer with locations in Georgia and Arizona, for US$75 million.
Nippon Steel Acquires Majority Stakes in Thai Steelmakers
05 April 2022 - Nippon Steel has acquired majority stakes in two steelmakers in Thailand, G Steel PCL and G J PCL, the company announced Monday.
DeSHAZO Acquires Integrated Machinery Solutions
08 March 2022 - Integrated Machinery Solutions (IMS), located in Azle, Texas, USA, was acquired by DeSHAZO, according to a press release.
AZZ Buys Precoat Metals in US$1.28 Billion Deal
08 March 2022 - AZZ Inc. will acquire Sequa Corp.’s Precoat Metals division for approximately US$1.28 billion, the company announced yesterday.
ArcelorMittal Acquires Scottish Steel Recycler
03 March 2022 - ArcelorMittal announced it has acquired recycling business John Lawrie Metals Ltd., based in Aberdeen, Scotland.
Ryerson Acquires Sheet Metal Fabricator
02 March 2022 - Industrial metals processor and distributor Ryerson Holding Corp. announced today its acquisition of sheet metal fabricator Apogee Steel Fabrication Inc.
AZZ Inc. Acquires DAAM Galvanizing Co. Ltd.
02 March 2022 - AZZ Inc. announced yesterday that it has entered into an agreement to acquire Edmonton, Alta., Canada-based DAAM Galvanizing Co. Ltd.
Nucor, Vale Complete Purchase of California Steel Industries Shares
03 February 2022 - In separate statements this week, Nucor and Vale announced that the former’s purchase of the latter’s 50% equity interest in California Steel Industries (CSI) has completed.
Steel Dynamics Purchases Minority Interest in New Process Steel
01 February 2022 - Steel Dynamics Inc. (SDI) has acquired a 45% minority stake in metals processor and distributor New Process Steel, the steelmaker reported yesterday.
Nippon Steel to Acquire Two Thai Steelmakers
24 January 2022 - The Reuters news service reported on Friday that Japan's Nippon Steel is set to purchase two electric arc furnace steelmakers in Thailand in a US$763 million deal.
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