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Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
Primetals Technologies Italy Sold to German Investor
17 November 2021 - Shares of Primetals Technologies Italy S.r.l., Marnate (Italy), were transferred by Primetals Technologies Ltd., London (U.K.), to German investor Callista Private Equity GmbH last month.
BlueScope Acquires U.S. Scrap Business
08 November 2021 - Australian steel producer BlueScope announced on Friday that it has entered into a US$240 million agreement to purchase two operating sites belonging to ferrous scrap steel recycling business MetalX LLC.
Worthington Industries Purchases Tempel Steel Co.
03 November 2021 - Ohio-based Worthington Industries Inc. announced that its steel processing segment will acquire Tempel Steel Co., a manufacturer of precision motor and transformer laminations.
Algoma Once Again Is a Publicly Traded Company
20 October 2021 - Algoma Steel and the entity created to buy the Canadian steel producer have finalized the sale, marking the start of a new chapter for Algoma.
SDI to Acquire Minority Interest in New Process Steel
18 October 2021 - Steel Dynamics Inc. (SDI) announced in a press release that it has entered into an agreement to acquire a 45% minority interest in Houston, Texas, USA-based metals solutions provider New Process Steel L.P.
Tenaris Closes In on US$15 Million Sale of Nebraska Plant
18 October 2021 - Tenaris announced last week that its Geneva, Neb., USA, structural pipe plant will be sold to MKK USA Inc. for a price tag of US$15 million.
ArcelorMittal Acquires Pipe and Coating Mill in UAE
14 October 2021 - According to reports, ArcelorMittal Projects, a unit of the ArcelorMittal Group, is set to acquire a pipe and coating mill as well as more than 1 million square feet of land in the Hamriyah Free Zone Authority, Sharjah, United Arab Emirates.
Cleveland-Cliffs Announces Acquisition of Scrap Business
11 October 2021 - Cleveland-Cliffs Inc. announced today in a press release that it has entered into a definitive agreement to acquire Detroit, Mich., USA-based Ferrous Processing and Trading Co. (FPT), for approximately US$775 million.
Nucor Fastener Acquires Coil Processing Facility
06 October 2021 - Nucor Corp. announced today that its Nucor Fastener division is expanding with the acquisition of a state-of-the-art coil processing facility in Shelbyville, Ind., USA.
Regal Merges With Rexnord PMC
05 October 2021 - Electric motors, controls and power generation products provider Regal Beloit Corp. announced today it has completed its merger with Rexnord Process and Motion Control (PMC) to form Regal Rexnord Corp.
Nucor Affiliates Announce Acquisitions
04 October 2021 - In a press release Friday, Nucor Corp. announced acquisitions of recycling locations on behalf of The David J. Joseph Co., which represent a 10% growth in capacity.
Olympic Steel Announces New Acquisition
04 October 2021 - Olympic Steel announced Friday that it has acquired the assets of Shaw Stainless & Alloy Inc.
Arvedi Set to Purchase Acciai Speciali Terni
16 September 2021 - thyssenkrupp announced today its plans to sell its stainless unit Acciai Speciali Terni (AST), including its sales organization in Europe, to Italy’s Arvedi, according to S&P Global Platts.
Specialty Metals Processing Joins Ryerson Family of Companies
09 September 2021 - Ryerson Holding Corp. this week announced it has acquired Ohio-based toll processor Specialty Metals Processing (SMP).
SKF Acquires Rubico Consulting AB
07 September 2021 - SKF announced today that they have completed their acquisition of Rubico Consulting AB, an industrial consultancy firm.
Nucor Brings Steel Racking Maker Into the Fold
24 August 2021 - Nucor Corp. has finalized its US$370 million acquisition of steel racking maker Hannibal Industries, the steelmaker announced on Monday.
New Chinese Merger Creates Third-Largest Steelmaker in the World
23 August 2021 - China’s Anshan Iron & Steel has officially acquired Benxi Iron & Steel, creating the third-largest steelmaker in the world and the second-largest in China, reports S&P Global Platts.
Sale of American Zinc Recycling Closes
20 August 2021 - Befesa S.A., a provider of hazardous waste recycling services, closed its US$450 million purchase of American Zinc Recycling Corp. (AZR) and now owns 100% of the business.
Merit Steel USA Acquired by Majestic Steel USA
20 August 2021 - Majestic Steel USA Inc. announced the acquisition of the West Coast-based Merit Steel USA.
ATI Sells Off Flowform Products Business
18 August 2021 - Allegheny Technologies Inc. (ATI) announced this week the sale of its Flowform Products business unit to Consolidated Boring Inc. for US$55 million in cash.
