.gif?lang=en-US&ext=.gif)
-(220-x-200-px)-(130-x-130-px)-(220-x-200-px).jpg?lang=en-US&ext=.jpg)
.gif?width=200&height=200&mediaprotectionhash=ddb07947ad3b4ab959a83714461eccd5c6895f370695eb035a9ff7aa736f8ad9&ext=.gif)
Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
Investment Firm Seeks to End Nippon Steel Merger
27 January 2025 - A Cleveland investment firm has launched a proxy battle over United States Steel Corporation, arguing that the Nippon Steel merger should be abandoned and that its future should be as a stand-alone entity.
Cleveland-Cliffs CEO Restates Interest In Buying U.S. Steel
13 January 2025 - With the United States Steel Corporation - Nippon Steel merger heading to court, Cleveland-Cliffs Inc. chief executive officer said he wants to buy the company, should the deal ultimately fail.
McConnell: U. S. Steel Decision Is a Disservice to the Country
09 January 2025 - President Joe Biden’s decision to block the sale of United States Steel Corporation is a gift to organized labor that comes at the country's expense, U.S. Senate Minority Leader Mitch McConnell wrote in Wednesday’s The Wall Street Journal.
Nippon Steel Chairman: No Reason to Give Up on U. S. Steel Deal
07 January 2025 - Nippon Steel Corp. has but one plan for its blocked acquisition of United States Steel Corporation — fight the decision in court.
U. S. Steel, Nippon Steel File Lawsuits Over Blocked Merger
06 January 2025 - United States Steel Corporation and Nippon Steel Corp. are appealing President Joe Biden's disapproval of their planned merger and suing the United Steelworkers union president as well as rival Cleveland-Cliffs Inc., contending that they colluded to thwart the deal.
JCD Steel Under New Ownership
06 January 2025 - Florida-based JCD Steel, a supplier of steel pipes and oil country tubular goods (OCTG) for the oil and gas industry, has been sold
Labor Caucus Tells Biden to “Repudiate” U. S. Steel Deal
18 December 2024 - The Congressional Labor Caucus has written to U.S. President Joe Biden, asking him to strongly repudiate Nippon Steel Corp.’s planned acquisition of United States Steel Corporation, the Bloomberg news service reports.
Bloomberg Report Says Biden Intends to Halt U. S. Steel Deal
11 December 2024 - President Joe Biden plans to follow through on a pledge to block Nippon Steel Corp.’s acquisition of United States Steel Corporation, according to a Bloomberg report.
Report: Nippon Steel Shares Details on U. S. Steel Investment Plans
09 December 2024 - Seeking support from the United Steelworkers (USW) union for its acquisition of United States Steel Corporation, Nippon Steel Corp. has made new commitments as to the timing and purpose of its previously announced US$1.4 billion investment in the iconic steelmaker. United States Steel Corporation.
Nippon Steel Remains Confident About U.S. Steel Transaction
05 December 2024 - Nippon Steel Corp. believes it can close its acquisition of United States Steel Corporation by year’s end, in spite of opposition from President-elect Donald Trump.
Celsa Group Divests U.K., Nordic Facilities
21 November 2024 - Spain’s Celsa Group has agreed to sell mills in the United Kingdom and the Nordic region to Sev.en Global Investments, a Czech-based investment group.
Cliffs Plans Ontario Blast Furnace Improvement
21 November 2024 - With Cleveland-Cliffs Inc. having finalized its acquisition of Stelco, what’s next?
Commerce Department Wants to Raise Tariffs on Nippon Steel
19 November 2024 - Just as Nippon Steel Corp. promised unionized United States Steel Corporation workers that it wouldn’t export slabs at the company’s expense, the U.S. Commerce Department proposed to push up tariffs on Nippon imports.
Nippon Steel Promises No Exports at U. S. Steel’s Expense
18 November 2024 - Nippon Steel Corp. is promising the United Steelworkers union that it won’t direct shipments from its Japanese mills to U.S. customers as part of its planned acquisition of United States Steel Corporation.
Report: Nippon Steel to Visit With U. S. Steel Union Members
14 November 2024 - A Nippon Steel Corp. executive will be traveling to Pittsburgh, Pa., USA, to meet with members of union locals serving U. S. Steel's Mon Valley Works, reports the Bloomberg news service.
With Election Settled, Nippon Steel Hopes to Close U. S. Steel Deal
07 November 2024 - Despite president-elect Donald Trump’s promises to block the United States Steel Corporation acquisition, Nippon Steel Corp. executives are hoping they can close the deal before the end of the year.
Salzgitter Receives Potential Takeover Bid
06 November 2024 - Salzgitter will weigh a potential takeover offer from a major shareholder and a partner, the German steelmaker has said.
Cleveland-Cliffs Closes Deal to Acquire Stelco
04 November 2024 - Cleveland-Cliffs has closed its acquisition of flat-rolled producer Stelco, finalizing a deal that gives Cliffs a manufacturing presence in Canada.
Cleveland-Cliffs Receives Regulatory Clearance for Stelco Acquisition
30 October 2024 - Cleveland-Cliffs Inc. said it expects to close its acquisition of Canada’s Stelco on Friday after clearing its final regulatory hurdle.
voestalpine Divests German Tool Steel Manufacturer
23 October 2024 - voestalpine has agreed to sell German tool and engineering steelmaker Buderus Edelstahl to private equity firm Mutares SE & Co. KGaA for an undisclosed amount.
.png?lang=en-US&ext=.png)