Steel Industry Acquisitions Database (1995-2025)

Major Iron & Steel Sector Takeovers ?

1. Acquisitions on this page include up- or down-stream steelmaking (i.e. melting, casting and / or rolling).
2. All tonnages above are metric. Steel output volumes shown are in 000s tonnes, and indicate annual shipments or crude steel capacity.
3. Steel industry acquisition cost shown is that paid for relevant asset or equity stake.
4. Acerinox 2024 acquisition of Haynes International was effected through Acerinox's US subsidiary, North American Stainless.
5. AM / NS India denotes ArcelorMittal / Nippon Steel joint venture.
6. AM Investco was 94.4% owned by Arcelor Mittal. Notwithstanding Taranto BOF capacity of ~7.8 million tonnes, Ilva crude steel output in 2020 was just 3.4 mt.
7. Aperam's 2025 acquisition of Universal Stainless: note that some 82% of Universal's 2024 revenues were from the aerospace sector.
8. Full name of Lianzhong Guangzhou (taken over by Ansteel) is the Lianzhong Guangzhou Stainless Steel Corporation.
9. CSP is an abbreviation of Companhia Siderurgica do Pecem.
10. In the run up to its acquisition by ArcelorMittal, Dofasco turned to ThyssenKrupp as its white knight. A bidding war subsequently ensued between Arcelor and ThyssenKrupp that saw both companies make several offers for Dofasco.
11. TISCO abbreviation stands for the Taiyuan Iron & Steel (Group) Co Ltd.
12. Cleveland Cliffs / AK Steel was technically a stock merger - but in practical terms this was considered by many observers to be an acquisition, as Cliffs was the acquirer in every meaningful sense (strategy, branding and management continuity).
13. Guryev Metallurgical Plant acquired by Chelyabinsk was declared bankrupt in 2016 and continued to operate under the management of a bankruptcy trustee. The works was put up for auction several times (in 2022 and in early 2024) but there were no buyers. The Guryev Works specialises in the production of medium sections and grinding balls.
14. Dniprovskyi Coke Plant belongs to the Metinvest Group. Assets of Dniprovskyi Iron & Steel (DMK) were sold to the coke plant as part of a debt recovery procedure.
15. MSP denotes Mannesmann Stainless Pipes.
16. Silat (acquired by Gerdau) is the abbreviation for Siderurgica Latino Americana.
17. ISG denotes the International Steel Group. ISG was established by Wilbur Ross in 2002 to acquire the assets of bankrupt steel companies.
18. J2ES is an abbreviation for JSW JFE Electrical Steel Private Limited. This is a 50:50 jv between JSW Steel and the JFE Steel Corporation.
19. Jasoor Al-Maamoul purchase was for the Construction and Iron Industries Company, and involved BILDCO long product production line. BILDCO originally planned to sell the long product assets to Madina Steel, but could not agree on he terms of the purchase. BILDO is also known as the Abu Dhabi National Company for Building Materials.
20. JSW Steel's purchase of Aferpi in Italy centred on Piombino steel mill, which included a rail mill (0.32mtpa), a bar mill (0.4mtpa), and a wire rod mill (0.6mtpa), as well as a captive industrial port concession.
21. JSW Steel acquired Bhushan Power & Steel Ltd (BSPL) in 2021. This purchase was briefly reversed by the courts in May 2025. The reversal was then recalled in July 2025; and the deal was finally restored in September 2025 (and finalised in March 2026).
22. Karmet (now Qarmet) in Temirtau Kazakhstan was formerly known as the Karaganda Metallurgical Works.
23. Liberty Group acquisition of Adhunik Metals included acquisition of Zion Steel (Adhunik's rolling mill facility).
24. OYAK denotes Ordu Yardımlaşma Kurumu, also known as the Turkish Military Pension Fund.
25. Polskie Huty Stali acquisition included the purchase of four Polish companies - Huta Katowice S.A., Huta Sendzimira S.A., Huta Florian S.A. and Huta Cedler S.A.
26. Full name of Xinxing iron Pipes is Xinxing Ductile Iron Pipes Xinjiang Co Ltd.
27. QIC denotes thr Qazaqstan Investment Corporation. Note that Temirtau acquisition included also 100% of the shares in ArcelorMittal Tubular Products Aktau JSC.
28. Schmolz + Bickenbach takeover of Asco Industries involved acquisition of assets not equity. Acquired assets included the French steel plants at Hagondange and at Fos-sur-Mer, processing sites located in Custines and Le Marais, a warehouse located in Cluses and a research facility in Hagondange.
29. Takeover of Sheffield Forgemasters was a nationalisation by the UK Government, involving a GBP £2.6m acquisition by the MoD.
30. US Steel initially acquired a 49.9% stake in Big River Steel in October 2019.
31. Vedanta entry into the steel business was through its takeover of Electrosteel Limited (ESL).

Please note that the desktop version of this page displays the following fields: acquirer, name of target, country of target, equity stake, acquisition date, estimated NewCo tonnage, acquisition cost, and approximate purchase price per tonne of output.