AK Steel has been notified by the Federal Trade Commission that antitrust agencies have closed the waiting period early, with regards to their proposed acquisition of National Steel. This moves them a step closer to acqu...
Following a surge in low priced steel plate imports, Stelco have decided to idle their plate mill in Hamilton, Canada. This action will take effect in April.
The increased volume of cheap imports resulted in Stelco re...
Indian-based Jindal Steel is reported to be in discussions with 2 US companies to sell its US operation, Massillon Stainless.
Jindal acquired Massillon in late 2000 for $3.5 million and may be able to sell it for $8 m...
In response to growing Chinese demand for specialty steel products, Nippon Metal Industry, based in Tokyo, will open an office in Shanghai to cater for the need. The office is expected to open later this month.
Nippon...
In an interesting twist, US Steel are pursing a strategy to acquire the bankrupt National Steel, after the courts had recognised AK Steel as the lead bidder.
US Steel is about to begin bargaining with the United Steel...
Following the board of directors meeting, it was announced that Bethlehem Steel would sell substantially all of its assets to International Steel Group. The deal is expected to be finalised some time in the second quarte...
The US Bankruptcy Court has approved AK Steel’s bid to be recognised as the lead bidder to acquire substantially all the assets of National Steel Corporation.
Under the terms of the Asset Purchase Agreement (APA...
The tale of woe continues for the US steel industry with yet another company filing for chapter 11 bankruptcy under the US Bankruptcy Code. The latest victim is Kentucky Electric Steel.
The announcement of their petit...
Bethlehem Steel have agreed in principal to terms with International Steel Group (ISG) for the sale of substantially all of their assets.
The agreement is still subject to approval by the board, regulatory bodies such...
Steel Dynamics have just reached an agreement to purchase the assets of GalvPro in Jeffersonville, Indiana, USA.
This facility has the ability to process up to 350,000 tonnes per year of light gauge hot dipped cold ro...
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