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Steel Mergers Database (1991-2026)

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Global Steel Industry Mergers (1991-2026)
CompanyBuyer CountryParty #1Party #2DateRevenueEmployees
AnsteelAnshan, ChinaAnsteelBen GangAug 2146000200000
ArcelorLuxembourgUsinorArbedApr 013054094600
Arcelor MittalLuxembourgMittal SteelArcelorJun 0671900423935
Bohler-UddeholmVienna, AustriaBohlerUddeholmJun 91630015453
China Baowu I&SShanghai, ChinaBaosteelWuhan I&SSep 1642751190700
Cleveland CliffsCleveland, USACleveland CliffsAK SteelMar 20820026000
CorusLondon, UKBritish SteelHoogovensJun 991510070000
Gerdau AmeriSteelFlorida, USAGerdau SteelCo-SteelOct 0417504800
HadeedSaudi ArabiaHadeedAl Rajhi SteelApr 24n/an/a
Hebei I&SShijiazhuang, ChinaTangshan I&SHandan I&SJun 0824040130000
Iscor LtdSouth AfricaIscor LtdSaldanha Steel (Pty) LtdFeb 02137013300
JFE SteelTokyo, JapanKawasaki Steel Nihon KokanDec 01n/an/a
Krupp-HoeschDusseldorf, GermanyKrupp AGHoesch AGJul 9218900n/a
Marubeni-ItochuTokyo, JapanMarubeni CorpItochu CorpOct 21263009960
Mittal SteelLuxembourgISGIspat InternationalApr 0530000165000
Nippon SteelTokyo, JapanNippon SteelU.S. SteelJun 2576910128740
NS-Siam United SteelBangkok, ThailandNS-Siam United SteelSiam Tinplate CoApr 22n/a1500
NSSMCMinato, JapanNippon SteelSumitomo MetalDec 1145395105796
OutokumpuEspoo, FinlandOutokumpuInoxum (ThyssenKrupp)Jan 121534019000
Polskie Huty StaliWarsaw, PolandHuta Katowice SAHuta SendzimiraJun 02181316000
PubcoUncertainTrasteelSizzle Acquisition CorpApr 26n/an/a
Ryerson HoldingChicago, USARyersonOlympic SteelFeb 2665006300
SSABStockholm, SwedenSSABRautaruukkiJan 14938817500
Thyssen KruppEssen, Germany. Thyssen IndustrieKrupp AGSep 9741140103600

Notes
  1. We distinguish between mergers on the one hand, and acquisitions on the other. For steel industry acquisitions, click the button below.
  2. Arcelor was created from the merger of Arbed (Luxembourg), Aceralia (Spain) and Usinor (France).
  3. Polskie Huty Stali (PHS) was formed through the consolidation of four Polish steel companies - namely, Huta Katowice S.A., Huta T. Sendzimira S.A., Huta Florian S.A. and Huta Cedler S.A.
  4. Creation of Gerdau AmeriSteel involved merger of Gerdau's Brazilian operations with those of Co-Steel's facilities in North America. The latter included Co-Steel Lasco in Whitby, Ontario; Co-Steel Sayreville in New Jersey; Co-Steel Raritan also in New Jersey; and a partial stake in Gallatin Steel in Kentucky, a flat rolled mini mill.
  5. The name of Japan's JFE Steel derives as follows: the letter J stands for Japan, F is for Fe, the chemical symbol of iron, and E stands for engineering.
  6. At the time of the deal, NS-Siam United Steel Co Ltd (“NS-SUS”) was a producer of cold-rolled and hot-dip galvanised steel only; Siam Tinplate Co Ltd. (“STP”) was a producer of tinplate and tin free steel.
  7. Note that Ryerson Holding / Olympic Steel transaction was a merger of two steel distributors rather than a merger of two steelmakers.
  8. Nippon Steel / US Steel deal was structurally an acquisition (all-cash, USS delisted). Technically however this was a merger executed as a "reverse triangular merger" per US convention under a "merger agreement".

Median Statistics
Based on the data above, the median revenue per employee of the newly-merged steel companies was ~$300. Contact us for further details and other statistics.


Spreadsheet Data
Full spreadsheet showing name of merged entity, name and country of party #1, name and country of party #2, merger date; and where known the deal value, the approximate merged company revenue, the NewCo steelmaking capacity, NewCo number of employees, NewCo revenue per employee, NewCo revenue per tonne, and miscelllaneous notes regarding the merger transaction is available for purchase for $150.

Please note that the desktop version of this page displays the following fields: merged company name, HQ location, name of party #1 and party #2, merger date, and where known NewCo revenue, NewCo number of employees.