Mergers & Acquisitions
Who's buying and who's selling iron and steel assets.
Latest News
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.
Aperam to Establish U.S. Presence Through Universal Stainless Acquisition
17 October 2024 - Pittsburgh-based Universal Stainless & Alloy Products Inc. is being sold to Aperam in a cash deal valued at US$539 million, the companies announced Thursday.
Nippon Steel to Divest Stake in Alabama Rolling Mill
15 October 2024 - Nippon Steel Corp. will sell its 50% stake in AM/NS Calvert to partner ArcelorMittal, if Nippon Steel finalizes its acquisition of United States Steel Corporation, the company announced.
Stelco Acquisition Clears Another Regulatory Hurdle
09 October 2024 - Canadian antitrust regulators have given the green light to Cleveland-Cliffs Inc.’s acquisition of Ontario-based Stelco.
Justice Department OKs Cliffs-Stelco Deal
09 October 2024 - The sale of Canadian steelmaker to U.S.-based Cleveland-Cliffs Inc. has cleared a U.S. Justice Department antitrust review, Cliffs announced on Tuesday.
Jindal Group to Acquire Czech Republic’s Vítkovice Steel
09 October 2024 - Czech plate producer Vítkovice Steel is being acquired by India’s Jindal Group, which plans to invest up to EUR150 million in the Ostrava company.
U. S. Steel: Nippon Steel Merger Will Bring Significant Economic Gains to Pennsylvania
02 October 2024 - United States Steel Corporation estimates that a promised investment in its Mon Valley Works would translate into nearly US$1 billion in incremental economic impact to Pennsylvania over the next two years.
Harris: Domestic Ownership of U. S. Steel Trumps Potential Job Losses
26 September 2024 - U.S. presidential candidate Kamala Harris on Wednesday reiterated her support for a domestically owned United States Steel Corporation, saying that control of the company outweighs the potential for job losses, reports the Bloomberg news service.
Arbitration Panel Rules For U. S. Steel in Merger Dispute
25 September 2024 - Arbitrators have sided with United States Steel Corporation in a union dispute over the execution of its planned merger with Nippon Steel Corp.
Nippon Steel to Sell Stake in POSCO
24 September 2024 - Nippon Steel Corp. will divest its US$823 million stake in South Korea’s POSCO Holdings Inc., a move that it says will “improve asset efficiency through asset compression.”
