Bayou Steel
Bayou Steel was a U.S. producer of structural steel products with facilities in LaPlace, La., and Harriman, Tenn. ArcelorMittal acquired the company in 2006 for US$475 million. The mills are now known as ArcelorMittal LaPlace and ArcelorMittal Harriman.
Latest News
Liberty Steel to Acquire Bankrupt Bayou Steel for US$28 Million
26 December 2019 - Sanjeev Gupta’s Liberty Steel Group has been named the preferred buyer for bankrupt long products maker Bayou Steel Group, which suddenly halted operations this fall and laid off more than 400 people.
Investment Firm Expresses Interest in Bayou Steel
08 October 2019 - After filing for Chapter 11 bankruptcy last week and planning to close their doors, Bayou Steel Group may have a buyer in investor Jeff Sands.
Bayou Steel Plans Closure, Files for Chapter 11
02 October 2019 - Bayou Steel has declared bankruptcy and intends to permanently close its Louisiana and Tennessee mills by the end of November, reports Bloomberg News.
Bayou Steel Announces New Sales Team Appointments
14 June 2017 - Bayou Steel Group is reconfiguring its sales team and has named a former Gerdau director to lead its sales efforts, the steelmaker has announced.
Texas Rebar Mill Sold to Japanese Steelmaker
22 December 2016 - Japan’s Kyoei Steel Ltd. has acquired a Texas rebar mill for approximately US$52 million, the company said on Thursday.
Newly Acquired Long Products Business Names Three to Executive Team
04 May 2016 - Black Diamond Capital Management, the private equity firm that acquired much of ArcelorMittal’s U.S. long carbon business earlier this year, is assembling its new executive team and has appointed industry veteran Robert Simon to its helm.
Peaslee Named First Iverson Chair of Steelmaking Technology
31 December 2006 - University of Missouri-Rolla, home to one of the nation's largest metallurgical engineering programs, announced that Dr. Kent Peaslee, Curators’ Teaching Professor of metallurgical engineering, has been named the F. Kenneth Iverson Chair of Steelmaking Technology.
Bayou Steel Announces Closing of Acquisition
02 June 2006 -
Bayou Steel Stockholders Approve Merger Agreement
15 May 2006 -
Bayou Steel Enters Acquisition Agreement with Black Diamond Capital Management
20 March 2006 -
Bayou Steel Reports 1st Quarter Results
27 February 2006 -
Bayou Steel Reports 1st Quarter Results
27 February 2006 -
Bayou Steel Reports Strong Results for Fiscal 2005
16 January 2006 - Jan. 16, 2006 — Bayou Steel Corp. reported net income of $19.3 million on sales of $271.7 million for the fiscal year ending September 30, 2005.
Bayou Steel Reports Strong Results for Fiscal 2005
16 January 2006 - Jan. 16, 2006 — Bayou Steel Corp. reported net income of $19.3 million on sales of $271.7 million for the fiscal year ending September 30, 2005.
Bayou Steel to Upsize Line of Credit
15 November 2005 - Bayou Steel Corp. is amending and restating its line of credit from $45 million to $75 million. The newly amended line will also provide lower borrowing rates, higher advance rates, and a nearly four year extension of the current arrangement.
Bayou Steel Resumes Plant Operations after Hurricane Katrina
08 September 2005 - Bayou Steel Corp. today announced the resumption of plant operations following the aftermath of Hurricane Katrina.
Bayou Steel Reports Strong 3rd Quarter Results
16 August 2005 - Bayou Steel Corp. reported net income of $5.2 million on sales of $68.4 million for the third quarter (ending June 30, 2005) of fiscal 2005.
Bayou Steel Announces Recapitalization Plan
15 July 2005 -
Bayou Steel Reports Strong 2nd Quarter Results
24 May 2005 - Bayou Steel Corp. reported net income of $5.1 million on sales of $62.1 million for the second quarter (ending March 31, 2005) of fiscal 2005.
Bayou Steel Reports 1st Quarter Results
08 March 2005 - Bayou Steel Corp. reported net income of $4.2 million on sales of $63.1 million for the fiscal first quarter ended December 31, 2004.
