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Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
Report: Justice Department to Further Scrutinize Nippon Steel-U. S. Steel Deal
11 April 2024 - The U.S. Justice Department has initiated an in-depth antitrust investigation of Nippon Steel’s planned acquisition of United States Steel Corporation, according to a report in Politico.
Japan Prime Minister Hopes for Positive Outcome to U. S. Steel Acquisition
10 April 2024 - Japan Prime Minister Fumio Kishida expressed hope Wednesday that the Nippon Steel acquisition of United States Steel Corporation will come to pass.
Nucor Grows Downstream Products Capabilities
04 April 2024 - Nucor Corp. is expanding its downstream products footprint, acquiring Southwest Data Products Inc. (SWDP), a manufacturer and installer of data center infrastructure, for US$115 million.
RHI Magnesita to Expand U.S. Footprint Through Acquisition
03 April 2024 - Refractories maker RHI Magnesita (RHIM) is acquiring U.S.-based Resco Group in a bid to expand its U.S. manufacturing footprint.
Ascometal Terminates Sales Negotiation With Acciaierie Venete
28 March 2024 - Swiss Steel’s plan to sell off several of its Ascometal subsidiary steel works in France has come to a halt, The Swiss Times reported yesterday.
Nippon Steel: We Would Make Pittsburgh Our U.S. HQ
21 March 2024 - Nippon Steel is promising to move its U.S. headquarters from Texas to Pittsburgh, Pa., should its planned acquisition of United States Steel Corporation come to pass, the Reuters news service reports.
Finkl Steel Parent Might Put Company on Sales Block
20 March 2024 - Swiss Steel Group is weighing whether to divest its specialty steel arm in North America, reports Recycling Today.
‘Our Transaction Delivers Clear Benefits to U. S. Steel,’ Says Nippon Steel
18 March 2024 - Nippon Steel Corp. is reiterating what it says are the benefits of its planned acquisition of United States Steel Corporation, arguing that the deal would bolster U.S. supply chains.
Biden Weighs in on U. S. Steel Acquisition
14 March 2024 - U.S. President Joe Biden is opposed to Nippon Steel Corp.’s planned acquisition of United States Steel Corporation, saying Thursday that it is important that the U.S. maintain “strong American steel companies powered by American steel workers,” according to the Associated Press.
ArcelorMittal Buys Equity Position in Vallourec
13 March 2024 - ArcelorMittal has acquired a 28.4% equity stake in French tubemaker Vallourec, the steelmaker has announced.
USW Reports on Meeting With Nippon Steel
12 March 2024 - Nippon Steel Corp. and the United Steelworkers (USW) union met late last week to discuss the company’s acquisition of United States Steel Corporation, but the union said it remains unassured.
United Steelworkers Union, Nippon Steel Sign Nondisclosure Agreement
29 February 2024 - The United Steelworkers (USW) union has signed a nondisclosure agreement with Nippon Steel Corp., a precursor to allowing discussion between the labor union and the acquirer of United States Steel Corporation to proceed.
Salzgitter Divests Mannesmann Stainless Tubes Business
20 February 2024 - Italy's Cogne Acciai Speciali has acquired the Mannesmann Stainless Tubes Group from Salzgitter Ag for EUR135 million, Salzgitter said on Tuesday.
Goncalves: Cleveland-Cliffs Won’t Backstop U. S. Steel Sale
05 February 2024 - Cleveland-Cliffs Inc.’s bid for United States Steel Corporation is off the table and won’t be put back on should Nippon Steel Corp.’s plan to acquire the iconic manufacturer fall through, reports the Bloomberg news service.
Acquisition to Expand North American Stainless Footprint
05 February 2024 - Acerinox subsidiary North American Stainless is acquiring high-performance alloys maker Haynes International in a cash deal valued at US$970 million, the companies announced Monday.
Japanese Banks Back Nippon Steel Acquisition of U. S. Steel
30 January 2024 - Nippon Steel Corp. has lined up US$16 billion in loans for its planned acquisition of United States Steel Corporation, the Reuters news service reports.
Nippon Steel: We’re the Right Investor for U. S. Steel
23 January 2024 - Nippon Steel Corp.’s leading executives on Tuesday reiterated promises that the company would honor United States Steel Corporation’s collective bargaining agreements and would share technology that would improve the iconic steelmaker’s competitiveness.
NSC-USS Sale Doesn’t Impact National Security, Says Former Treasury Secretary
19 January 2024 - Former Treasury Secretary Lawrence Summers said national security is a non-issue when it comes to the Nippon Steel Corp. acquisition of United States Steel Corporation, reports the Bloomberg news service.
USW Files Grievances over U. S. Steel Sale
15 January 2024 - The United Steelworkers union is challenging United States Steel Corporation’s proposed sale to Nippon Steel Corp., arguing that U. S. Steel violated terms of the basic labor agreement with the union, reports the Pittsburgh Post-Gazette.
Report: U. S. Steel – Nippon Steel Deal Faces Scrutiny
11 January 2024 - Attorneys for United States Steel Corporation and Nippon Steel Corporation have been exchanging phone calls and emails as the Biden Administration prepares to review the planned acquisition of the American steelmaker, The Wall Street Journal reported Thursday.
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