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Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
SSAB Halts IJmuiden Talks With Tata Steel
29 January 2021 - SSAB has broken off discussions with Tata Steel over a possible acquisition of Tata’s IJmuiden steel mill in the Netherlands and related downstream assets, saying that there were limited possibilities to integrate the facility into SSAB’s strategic framework.
LIBERTY Steel Updates thyssenkrupp Offer
25 January 2021 - LIBERTY Steel Group has made what it's calling a firmed-up bid for thyssenkrupp’s steel unit, reports commodities news and pricing service S&P Global Platts.
A Historic Moment: U. S. Steel Closes Big River Acquisition
15 January 2021 - United States Steel Corp. finalized its acquisition of Big River Steel on Friday, closing a deal that combines the process technology of America’s youngest steelmaking company with the customer base, capacity, research and development, and product portfolio of one of the country’s oldest.
TMS International Expands Through Stein Acquisition
05 January 2021 - Mill services contractor TMS International is bolstering its U.S. footprint, acquiring Cleveland, Ohio-based Stein LLC and Stein Steel Mill Services LLC for an undisclosed amount, the company has announced.
Contractors Steel Expands Footprint, Product Offerings
15 December 2020 - Midwestern U.S. and Canadian steel service center Contractors Steel has acquired a leading distributor specializing in light structurals and specialty metals.
Goncalves: We’ll Reinvest in ArcelorMittal Facilities
14 December 2020 - With its acquisition of ArcelorMittal USA’s integrated mills a done deal, Cleveland-Cliffs Inc. has turned its attention to incorporating those facilities into its footprint.
Acquisition Expands Olympic Steel’s Specialty Metals Business
14 December 2020 - Olympic Steel Inc. has acquired the assets of Texas-based stainless steel and aluminum products distributor Action Stainless & Alloys for an undisclosed amount.
It’s Official: ArcelorMittal USA Mills Now Belong to Cleveland-Cliffs
09 December 2020 - Cleveland-Cliffs Inc. has finalized its acquisition of ArcelorMittal USA and bought out a would-be partner in two jointly owned sheet processing facilities, the company announced Wednesday.
U. S. Steel Pulls the Trigger on Big River Option
08 December 2020 - United States Steel Corporation has called its option to acquire the remaining stake in Big River Steel for approximately US$774 million in cash, the steelmaker announced Tuesday.
Gerdau Finalizes Rebar Mill Acquisition
03 December 2020 - Gerdau SA has completed its US$110.8 million acquisition of a long products mill in northeastern Brazil.
thyssenkrupp Cracks Open the Books for LIBERTY Steel Group
02 December 2020 - thyssenkrupp has agreed to open its books to LIBERTY Steel Group, which has expressed an interest in acquiring the German technology company’s steel unit, reports the Reuters news service.
U.S. Government OKs Cleveland-Cliffs Acquisition
25 November 2020 - U.S. anti-trust regulators have cleared Cleveland-Cliffs Inc.’s planned acquisition of rival ArcelorMittal USA, the steelmaker said Wednesday.
Tata Steel Europe, SSAB Open Talks on Ijmuiden Acquisition
13 November 2020 - Tata Steel Europe is splitting its U.K. and Netherlands operations into two units as it begins to negotiate a potential sale of the Netherlands business to SSAB.
Nucor Exits Italian Joint Venture
13 November 2020 - Nucor Corp. is divesting its stake in its Italian beam joint venture to partner Duferco, Duferco has announced.
Hatch Completes LTK Merger
10 November 2020 - Consulting engineering firm Hatch has completed its merger with transportation engineer LTK, forming a business that will be significant player in transportation solutions.
Nucor Adds a Splash of Color to Its Product Portfolio
29 October 2020 - Nucor Corp. is further expanding the capabilities of its Arkansas sheet mill, announcing Wednesday that it will acquire a neighboring paint line.
EU Steel Industry Faces Major Changes
22 October 2020 - The potential sale of thyssenkrupp’s steel unit is a reflection of the challenges faced by EU steelmakers, and of the industrywide changes that are afoot, reports Deutsche Welle.
LIBERTY Steel Looks to Acquire thyssenkrupp
19 October 2020 - LIBERTY Steel Group has put a non-binding offer on the table for thyssenkrupp’s steelmaking unit, saying that the combined companies would be in a better position to face Europe’s steel market challenges.
Cleveland-Cliffs to Acquire ArcelorMittal USA
28 September 2020 - ArcelorMittal has agreed to sell nearly all of its U.S. operations to Cleveland-Cliffs Inc. for US$1.4 billion in cash and stock, the steelmakers announced Monday morning.
Total Lubrifiants Expands Through Acquisition
23 September 2020 - Lubricants manufacturer Total Lubrifiants has acquired a French company that specializes in high-performance synthetic lubricants.
