As the cut off date for offers to purchase the bankrupt Bethlehem Steel was reached on Tuesday, 2 new bidders emerged, in addition to the well documented bid from International Steel Group (ISG).
The new bids came fro...
In the ongoing battle to acquire the assets of bankrupt National Steel, US Steel have upped their bid by $25 million to $775 million. Their bid is still short of AK Steel’s offer of $925 million, of which both incl...
AK Steel, the leading bidder for the purchase of bankrupt National Steel, has failed to reach a labour agreement with the United Steelworkers of America (USWA) by the deadline imposed by the US Bankruptcy courts.
AK S...
Xstrata have announced a bid for the takeover of Australian-based MIM via a wholly owned subsidiary. MIM are a mining and minerals processing company producing copper, gold, zinc, lead, silver and coal, with operations i...
The planned magnesium plant for Malaysia by New World Alloys has been delayed.
The plan involved the purchase of Alcoa’s decommissioned magnesium plant at Washington, USA and subsequent relocation to Malaysia.
...
US Steel, through its wholly owned subsidiary US Steel Balkan have agreed to purchase bankrupt Sartid a.d. and six of its subsidiaries for $23 million.
The acquisition of the Serbian-based Sartid a.d. is scheduled for...
Century Aluminium have just completed the acquisition of the Hawesville, Kentucky, USA aluminium reduction plant from Glencore International AG. This consisted of the purchase of the remaining 20% share which they did no...
The planned merger between Mitsui Chemicals Inc and Sumitomo Chemical Co, (approved on December 16) has been abandoned.
In press releases issued by both companies, they stated that they had not reached an agreement re...
Following the completion of their acquisition of Hydro’s 50% share in their joint venture, VAW-IMCO, IMCO Recycling have announced their intention to grow their international operations.
IMCO will pay Hydro Alum...
Through their subsidiary Nucor Steel Kingman LLC, Nucor have acquired the assets of North Star Steel’s, Kingman, Arizona, USA plant. The purchase price for the assets was US$35 million.
The plant included a melt...
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