Steel Industry M&A Database: Steelmaking | SteelOnTheNet

Corinth Pipeworks Acquires Liberty Steel Hartlepool (UK)

Sun, 01 Mar 2026 00:00:00 +0000

[SteelOnTheNet] Acquisition between Corinth Pipeworks UK Ltd., a wholly owned subsidiary of Corinth Pipeworks S.A. and the joint administrators appointed by the Business and Property Courts of England and Wales in London. Acqn cost GBP £10m. Fx $1.34 / £.

Topics: Steelmaking M&A | UK

Buyer: Corinth Pipeworks
Target: Liberty Steel Hartlepool
Target country: UK
Basis: Equity
Stake purchased: 100%
Deal date: Mar 2026
Acquisition cost: $ 13.4m
Full acquisition cost (100% basis): $ 13.4m
Debt basis: Unclear
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 250 kt/year
Crude steel production: n/a
Volume estimate: 250 kt/year
Employees: 170
Productivity: 1471 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 54
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 54
Full acquisition cost $000/employee: 79
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

✅ Steel industry M&A data compiled by SteelOnTheNet. View M&A database hub
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UMB Steel Acquires ArcelorMittal Hunedoara (Romania)

Thu, 01 Jan 2026 00:00:00 +0000

[SteelOnTheNet] Sale of all company assets to UMB Steel for Euro 12.5m. Fx $1.17/ £. Hunedoara closed in September 2025 due to challenging market conditions

Topics: Steelmaking M&A | Romania

Buyer: UMB Steel
Target: ArcelorMittal Hunedoara
Target country: Romania
Basis: Assets
Stake purchased: n/a
Deal date: Jan 2026
Acquisition cost: $ 15m
Full acquisition cost (100% basis): $ 15m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: n/a
Crude steel production: 800 kt/year
Volume estimate: 800 kt/year
Employees: 544
Productivity: 1471 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: n/a
Full acquisition cost $/t crude: 18
Full acquisition cost $/t volume: 18
Full acquisition cost $000/employee: 27
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

First Tube LLC Acquires American Stainless Tubing LLC (USA)

Sun, 01 Jun 2025 00:00:00 +0000

[SteelOnTheNet] Asset purchase agreement to be closed by 30th June 2025 with parent Ascent Industries. ASTI is prominent player in producton of high quality ornamental stainless steel tubes.

Topics: Steelmaking M&A | USA

Buyer: First Tube LLC
Target: American Stainless Tubing LLC
Target country: USA
Basis: Assets
Stake purchased: n/a
Deal date: Jun 2025
Acquisition cost: $ 16m
Full acquisition cost (100% basis): $ 16m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: n/a
Crude steel production: n/a
Volume estimate: n/a
Employees: 17
Productivity: n/a
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: n/a
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: n/a
Full acquisition cost $000/employee: 941
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Jasoor Al-Maamoul Acquires BILDO long products assets (UAE)

Sat, 01 Feb 2025 00:00:00 +0000

[SteelOnTheNet] BILDCO has finalized the $6 million sale of its subsidiary Bildco Steel Industries’ long steel production line to Jasoor Al-Maamoul for Construction and Iron Industries Company,

Topics: Steelmaking M&A | UAE

Buyer: Jasoor Al-Maamoul
Target: BILDO long products assets
Target country: UAE
Basis: Assets
Stake purchased: n/a
Deal date: Feb 2025
Acquisition cost: $ 6m
Full acquisition cost (100% basis): $ 6m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 300 kt/year
Crude steel production: n/a
Volume estimate: 300 kt/year
Employees: n/a
Productivity: n/a
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 20
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 20
Full acquisition cost $000/employee: n/a
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Aperam Acquires Universal Stainless & Alloy (USA)

Wed, 01 Jan 2025 00:00:00 +0000

[SteelOnTheNet] Universal Stainless & Alloy 2024 revenues were ~$330m and EBITDA ~$.70m. 82% of Universal's revenue is from aerospace. Acquisition cost to future EBITDA ~6.9x

Topics: Steelmaking M&A | USA

Buyer: Aperam
Target: Universal Stainless & Alloy
Target country: USA
Basis: Equity
Stake purchased: 100%
Deal date: Jan 2025
Acquisition cost: $ 468m
Full acquisition cost (100% basis): $ 468m
Debt basis: Equity only
Liabilities assumed: $ 69m
Enterprise value: $ 537m
Revenue: $ 330m
EBITDA: $ 70m
EBIT: n/a
PBT: n/a
Sales tonnage: 29 kt/year
Crude steel production: n/a
Volume estimate: 29 kt/year
Employees: 750
Productivity: 39 tonnes/employee
Full acquisition cost / Revenue: 1.42
Full acquisition cost / EBITDA: 6.69
Full acquisition cost $/t sales: 16125
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 16138
Full acquisition cost $000/employee: 624
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Acerinox Acquires Haynes International (USA)

Fri, 01 Nov 2024 00:00:00 +0000

[SteelOnTheNet] Acquisition effected via Acerinox's US subsidiary, North American Stainless. Target is a US-based high-performance alloys manufacturer

Topics: Steelmaking M&A | USA

Buyer: Acerinox
Target: Haynes International
Target country: USA
Basis: Equity
Stake purchased: 100%
Deal date: Nov 2024
Acquisition cost: $ 798.7m
Full acquisition cost (100% basis): $ 799m
Debt basis: Equity only
Liabilities assumed: $ 172m
Enterprise value: $ 971m
Revenue: $ 614m
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: n/a
Crude steel production: n/a
Volume estimate: n/a
Employees: 1179
Productivity: n/a
Full acquisition cost / Revenue: 1.3
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: n/a
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: n/a
Full acquisition cost $000/employee: 678
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Jindal Steel Acquires Vitkovice Steel (Czech Republic)

Fri, 01 Nov 2024 00:00:00 +0000

[SteelOnTheNet] Jindal Group is expected to complete the acquisition through its arm Jindal Steel International for consideration of Euro 150m. Fx $1.09 / Euro

Topics: Steelmaking M&A | Czech Republic

Buyer: Jindal Steel
Target: Vitkovice Steel
Target country: Czech Republic
Basis: Equity
Stake purchased: 100%
Deal date: Nov 2024
Acquisition cost: $ 164m
Full acquisition cost (100% basis): $ 164m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 1000 kt/year
Crude steel production: n/a
Volume estimate: 1000 kt/year
Employees: 746
Productivity: 1340 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 164
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 164
Full acquisition cost $000/employee: 220
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Worldwide Stainless Acquires Bahru Stainless Sdn Bhd (Malaysia)

Fri, 01 Nov 2024 00:00:00 +0000

[SteelOnTheNet] Bahru Stainless is Malaysia’s sole producer of cold-rolled stainless steel. The firm ceased operations in May 2024. Bahru was acquired from Spain-based stainless steel producer Acerinox S.A.

Topics: Steelmaking M&A | Malaysia

Buyer: Worldwide Stainless
Target: Bahru Stainless Sdn Bhd
Target country: Malaysia
Basis: Equity
Stake purchased: 100%
Deal date: Nov 2024
Acquisition cost: $ 95m
Full acquisition cost (100% basis): $ 95m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 77 kt/year
Crude steel production: n/a
Volume estimate: 77 kt/year
Employees: 427
Productivity: 180 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 1234
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 1234
Full acquisition cost $000/employee: 222
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

J2ES Acquires Thyssenkrupp Electrical Steel India (India)

Tue, 01 Oct 2024 00:00:00 +0000

[SteelOnTheNet] J2ES joint venture acquired Thyssenkrupp Electrical Steel India for Euro 440m. Fx $1.09 / €

Topics: Steelmaking M&A | India

Buyer: J2ES
Target: Thyssenkrupp Electrical Steel India
Target country: India
Basis: Equity
Stake purchased: 100%
Deal date: Oct 2024
Acquisition cost: $ 480m
Full acquisition cost (100% basis): $ 480m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 244 kt/year
Crude steel production: n/a
Volume estimate: 244 kt/year
Employees: 219
Productivity: 1114 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 1967
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 1967
Full acquisition cost $000/employee: 2192
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Kataria Industries Acquires Ratlam Wires (India)

Tue, 01 Oct 2024 00:00:00 +0000

[SteelOnTheNet] Annual production capacity of 30,000 MT. The company operates from a 198,848 sq. ft. facility in the Industrial Area of Ratlam. Purchased for Rs 30.6 crore. Fx Rs 84.1 / $

Topics: Steelmaking M&A | India

Buyer: Kataria Industries
Target: Ratlam Wires
Target country: India
Basis: Equity
Stake purchased: 100%
Deal date: Oct 2024
Acquisition cost: $ 0.4m
Full acquisition cost (100% basis): $ 0.4m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 30 kt/year
Crude steel production: n/a
Volume estimate: 30 kt/year
Employees: n/a
Productivity: n/a
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 12
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 12
Full acquisition cost $000/employee: n/a
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

ArcelorMittal Acquires Vallourec (France)

Thu, 01 Aug 2024 00:00:00 +0000

[SteelOnTheNet] 28.4% equity interest in Vallourec acquired from Apollo Global Management, Inc., for a total consideration of approximately €955 million. Fx $1.093 / €. Zero debt transferred.

Topics: Steelmaking M&A | France

Buyer: ArcelorMittal
Target: Vallourec
Target country: France
Basis: Equity
Stake purchased: 28%
Deal date: Aug 2024
Acquisition cost: $ 1044m
Full acquisition cost (100% basis): $ 3676m
Debt basis: Equity only
Liabilities assumed: $ 0m
Enterprise value: $ 3676m
Revenue: $ 5574m
EBITDA: $ 1312m
EBIT: n/a
PBT: n/a
Sales tonnage: 2200 kt/year
Crude steel production: 2721 kt/year
Volume estimate: 2461 kt/year
Employees: 15000
Productivity: 164 tonnes/employee
Full acquisition cost / Revenue: 0.66
Full acquisition cost / EBITDA: 2.8
Full acquisition cost $/t sales: 1671
Full acquisition cost $/t crude: 1351
Full acquisition cost $/t volume: 1494
Full acquisition cost $000/employee: 245
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Dongkuk Steel Acquires Aju Steel (Korea)

Thu, 01 Aug 2024 00:00:00 +0000

[SteelOnTheNet] South Korean Dongkuk Steel agreed to acquire a 56.6% stake estimated at KRW 128.5 billion (around $94 million) of flat steel producer Aju Steel via its subsidiary Dongkuk CM

Topics: Steelmaking M&A | Korea

Buyer: Dongkuk Steel
Target: Aju Steel
Target country: Korea
Basis: Equity
Stake purchased: 57%
Deal date: Aug 2024
Acquisition cost: $ 94m
Full acquisition cost (100% basis): $ 166m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 350 kt/year
Crude steel production: n/a
Volume estimate: 350 kt/year
Employees: 647
Productivity: 541 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 474
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 474
Full acquisition cost $000/employee: 257
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Chelyabinsk Acquires Guryev Works (Russia)

Mon, 01 Jul 2024 00:00:00 +0000

[SteelOnTheNet] Mill was declared bankrupt in 2016 and put up for auction at reduced price: in 2022 and early 2024 but no buyers. GMP specializes in the production of medium sections (capacity of 280,000 tpy) and grinding balls (capacity of 200,000 tpy).

Topics: Steelmaking M&A | Russia

Buyer: Chelyabinsk
Target: Guryev Works
Target country: Russia
Basis: Assets
Stake purchased: n/a
Deal date: Jul 2024
Acquisition cost: $ 6.4m
Full acquisition cost (100% basis): $ 6m
Debt basis: Unclear
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 480 kt/year
Crude steel production: n/a
Volume estimate: 480 kt/year
Employees: n/a
Productivity: n/a
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 13
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 13
Full acquisition cost $000/employee: n/a
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Cleveland Cliffs Acquires Stelco Holdings Inc (Canada)

Mon, 01 Jul 2024 00:00:00 +0000

[SteelOnTheNet] The acquisition doubles Cleveland-Cliffs' exposure to the flat-rolled steel market and enhances competitiveness in raw materials, energy, and currency advantages.

Topics: Steelmaking M&A | Canada

Buyer: Cleveland Cliffs
Target: Stelco Holdings Inc
Target country: Canada
Basis: Equity
Stake purchased: 100%
Deal date: Jul 2024
Acquisition cost: $ 2500m
Full acquisition cost (100% basis): $ 2500m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 2358 kt/year
Crude steel production: n/a
Volume estimate: 2358 kt/year
Employees: 1800
Productivity: 1310 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 1060
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 1060
Full acquisition cost $000/employee: 1389
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Cogne Acciai Speciali Acquires MSP (Germany)

Mon, 01 Jul 2024 00:00:00 +0000

[SteelOnTheNet] European Commission approved purchase by Italian stainless longs maker Cogne Acciai Speciali of Salzgitter’s Mannesmann Stainless Pipes (MSP) for Euro 135m. Fx $1.092 / €

Topics: Steelmaking M&A | Germany

Buyer: Cogne Acciai Speciali
Target: MSP
Target country: Germany
Basis: Equity
Stake purchased: 100%
Deal date: Jul 2024
Acquisition cost: $ 147m
Full acquisition cost (100% basis): $ 147m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 420 kt/year
Crude steel production: n/a
Volume estimate: 420 kt/year
Employees: n/a
Productivity: n/a
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 350
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 350
Full acquisition cost $000/employee: n/a
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Intertranscom Acquires Dan Steel (Romania)

Mon, 01 Jan 2024 00:00:00 +0000

[SteelOnTheNet] Dan Steel Group was active in the production of wire and wire products, with a production capacity exceeding 100,000 tonnes/year. The asset comprises over 40 hectares of land, buildings with a total usable area of 75,460 square meters and related equipment.

Topics: Steelmaking M&A | Romania

Buyer: Intertranscom
Target: Dan Steel
Target country: Romania
Basis: Equity
Stake purchased: 100%
Deal date: Jan 2024
Acquisition cost: $ 8m
Full acquisition cost (100% basis): $ 8m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 100 kt/year
Crude steel production: n/a
Volume estimate: 100 kt/year
Employees: n/a
Productivity: n/a
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 80
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 80
Full acquisition cost $000/employee: n/a
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Arvedi Acquires Acciai Speciali Terni (Italy)

Fri, 01 Dec 2023 00:00:00 +0000

[SteelOnTheNet] AST’s sales in the 2019/2020 fiscal year amounted to approximately €1.7 billion. In the 2021/2022 financial year, a net profit of €187.3 million was recorded. Arvedi invetment of €850 million. Fx $ 1.106 / Euro

Topics: Steelmaking M&A | Italy

Buyer: Arvedi
Target: Acciai Speciali Terni
Target country: Italy
Basis: Equity
Stake purchased: 85%
Deal date: Dec 2023
Acquisition cost: $ 940m
Full acquisition cost (100% basis): $ 1106m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: $ 1880m
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: n/a
Crude steel production: 1450 kt/year
Volume estimate: 1450 kt/year
Employees: 2300
Productivity: 630 tonnes/employee
Full acquisition cost / Revenue: 0.59
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: n/a
Full acquisition cost $/t crude: 763
Full acquisition cost $/t volume: 763
Full acquisition cost $000/employee: 481
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

China Baowu Steel Acquires Shandong Steel (China)

Fri, 01 Dec 2023 00:00:00 +0000

[SteelOnTheNet] Acquisition of this 48.6 percent stake in a Shandong Iron & Steel Group gets Baowu closer to its goal of producing 200 million tons of crude steel by 2025.

Topics: Steelmaking M&A | China

Buyer: China Baowu Steel
Target: Shandong Steel
Target country: China
Basis: Equity
Stake purchased: 49%
Deal date: Dec 2023
Acquisition cost: $ 1500m
Full acquisition cost (100% basis): $ 3086m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: n/a
Crude steel production: 20000 kt/year
Volume estimate: 20000 kt/year
Employees: 16540
Productivity: 1209 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: n/a
Full acquisition cost $/t crude: 154
Full acquisition cost $/t volume: 154
Full acquisition cost $000/employee: 187
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

QIC Acquires ArcelorMittal Temirtau (Kazakhstan)

Fri, 01 Dec 2023 00:00:00 +0000

[SteelOnTheNet] Death in October 2023 of 46 people who died in a blaze at the Kostenko coal mine in the Karaganda region prompted the nationalisation of the company.

Topics: Steelmaking M&A | Kazakhstan

Buyer: QIC
Target: ArcelorMittal Temirtau
Target country: Kazakhstan
Basis: Equity
Stake purchased: 100%
Deal date: Dec 2023
Acquisition cost: $ 286m
Full acquisition cost (100% basis): $ 286m
Debt basis: Unclear
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: n/a
Crude steel production: 3400 kt/year
Volume estimate: 3400 kt/year
Employees: n/a
Productivity: n/a
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: n/a
Full acquisition cost $/t crude: 84
Full acquisition cost $/t volume: 84
Full acquisition cost $000/employee: n/a
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Qatar Steel Acquires Qatar Rebar (Qatar)

Sun, 01 Oct 2023 00:00:00 +0000

[SteelOnTheNet] Qatar Rebar Production Company headquarters is located in the New Industrial Area – Doha – Qatar. The company’s activities include rebar and wire coils production. Acqn cost 346 million Qatari riyals. Fx Riyal 0.2745 / $

Topics: Steelmaking M&A | Qatar

Buyer: Qatar Steel
Target: Qatar Rebar
Target country: Qatar
Basis: Equity
Stake purchased: 100%
Deal date: Oct 2023
Acquisition cost: $ 95m
Full acquisition cost (100% basis): $ 95m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 500 kt/year
Crude steel production: n/a
Volume estimate: 500 kt/year
Employees: n/a
Productivity: n/a
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 190
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 190
Full acquisition cost $000/employee: n/a
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Saudi PIF Acquires Hadeed (Saudi Arabia)

Fri, 01 Sep 2023 00:00:00 +0000

[SteelOnTheNet] Saudi Basic Industries Corp (SABIC) sale of subsidiary Saudi Iron and Steel Company (Hadeed) to the Public Investment Fund (PIF) was for an enterprise value of 12.5 billion riyals,. Full year revenue and EBITDA figures based on annualised H1 2023 performance

Topics: Steelmaking M&A | Saudi Arabia

Buyer: Saudi PIF
Target: Hadeed
Target country: Saudi Arabia
Basis: Equity
Stake purchased: 100%
Deal date: Sep 2023
Acquisition cost: $ 3330m
Full acquisition cost (100% basis): $ 3330m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: $ 3376m
EBITDA: $ 53m
EBIT: n/a
PBT: n/a
Sales tonnage: 4600 kt/year
Crude steel production: 6000 kt/year
Volume estimate: 5300 kt/year
Employees: n/a
Productivity: n/a
Full acquisition cost / Revenue: 0.99
Full acquisition cost / EBITDA: 62.36
Full acquisition cost $/t sales: n/a
Full acquisition cost $/t crude: 555
Full acquisition cost $/t volume: 628
Full acquisition cost $000/employee: n/a
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Liberty Acquires Dunaferr (Hungary)

Sat, 01 Jul 2023 00:00:00 +0000

[SteelOnTheNet] Liberty won the tender to acquire Hungary’s Dunaferr in mid-July 2023, offering €55 million for the company. Fx $ 1.124 / €

Topics: Steelmaking M&A | Hungary

Buyer: Liberty
Target: Dunaferr
Target country: Hungary
Basis: Equity
Stake purchased: 100%
Deal date: Jul 2023
Acquisition cost: $ 62m
Full acquisition cost (100% basis): $ 62m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: n/a
Crude steel production: 1600 kt/year
Volume estimate: 1600 kt/year
Employees: 4500
Productivity: 356 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: n/a
Full acquisition cost $/t crude: 39
Full acquisition cost $/t volume: 39
Full acquisition cost $000/employee: 14
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Borusan Mannesmann Acquires Berg Pipe (USA)

Sat, 01 Apr 2023 00:00:00 +0000

[SteelOnTheNet] Berg Pipe has production sites in Alabama and Florida, with a total production capacity of 550,000 tons. The company produces high-quality steel pipes and specializes in the production of products for the oil and gas industry.

Topics: Steelmaking M&A | USA

Buyer: Borusan Mannesmann
Target: Berg Pipe
Target country: USA
Basis: Equity
Stake purchased: 100%
Deal date: Apr 2023
Acquisition cost: $ 162m
Full acquisition cost (100% basis): $ 162m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 500 kt/year
Crude steel production: n/a
Volume estimate: 500 kt/year
Employees: n/a
Productivity: n/a
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 324
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 324
Full acquisition cost $000/employee: n/a
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

ArcelorMittal Acquires CSP (Brazil)

Wed, 01 Mar 2023 00:00:00 +0000

[SteelOnTheNet] CSP is a world-class operation, producing high-quality slab at a globally competitive cost. Its facility, located in the state of Ceará in northeast Brazil was commissioned in 2016. Transaction details refer to $2.2 billion enterprise value

Topics: Steelmaking M&A | Brazil

Buyer: ArcelorMittal
Target: CSP
Target country: Brazil
Basis: Equity
Stake purchased: 100%
Deal date: Mar 2023
Acquisition cost: $ 2200m
Full acquisition cost (100% basis): $ 2200m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 2850 kt/year
Crude steel production: 3000 kt/year
Volume estimate: 2925 kt/year
Employees: 2036
Productivity: 1437 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 772
Full acquisition cost $/t crude: 733
Full acquisition cost $/t volume: 752
Full acquisition cost $000/employee: 1081
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

China Baowu Steel Acquires XinSteel (China)

Mon, 01 Aug 2022 00:00:00 +0000

[SteelOnTheNet] Xinyu Iron and Steel, a subsidiary of XinSteel, is a major steel producer with production volumes reaching 9.38 million tons in 2020.

Topics: Steelmaking M&A | China

Buyer: China Baowu Steel
Target: XinSteel
Target country: China
Basis: Equity
Stake purchased: 51%
Deal date: Aug 2022
Acquisition cost: $ 630m
Full acquisition cost (100% basis): $ 1235m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 9380 kt/year
Crude steel production: n/a
Volume estimate: 9380 kt/year
Employees: 11529
Productivity: 814 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 132
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 132
Full acquisition cost $000/employee: 107
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Tenaris Acquires Benteler Steel & Tube (USA)

Fri, 01 Jul 2022 00:00:00 +0000

[SteelOnTheNet] Transaction was discontinued. Benteler Steel & Tube Manufacturing Corporation is a U.S. producer of seamless steel pipe, with an annual pipe rolling capacity of up to 400,000 metric tons at its production facility located in Shreveport, Louisiana.

Topics: Steelmaking M&A | USA

Buyer: Tenaris
Target: Benteler Steel & Tube
Target country: USA
Basis: Equity
Stake purchased: 100%
Deal date: Jul 2022
Acquisition cost: $ 460m
Full acquisition cost (100% basis): $ 460m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 400 kt/year
Crude steel production: n/a
Volume estimate: 400 kt/year
Employees: n/a
Productivity: n/a
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 1150
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 1150
Full acquisition cost $000/employee: n/a
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Beltrame Acquires Targoviste (Romania)

Tue, 01 Mar 2022 00:00:00 +0000

[SteelOnTheNet] Targoviste went into a “judical reorganization” stopping activities in 2019.

Topics: Steelmaking M&A | Romania

Buyer: Beltrame
Target: Targoviste
Target country: Romania
Basis: Equity
Stake purchased: 100%
Deal date: Mar 2022
Acquisition cost: $ 36.7m
Full acquisition cost (100% basis): $ 37m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 300 kt/year
Crude steel production: n/a
Volume estimate: 300 kt/year
Employees: 300
Productivity: 1000 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 123
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 123
Full acquisition cost $000/employee: 123
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Nucor Acquires California Steel (USA)

Tue, 01 Feb 2022 00:00:00 +0000

[SteelOnTheNet] Purchase of 50% equity interest from Vale for a cash purchase price of $400 million, as well as a 1% equity ownership stake from JFE Steel Corporation. $133m EBITDA derived from 6x EV/EBITDA multiple

Topics: Steelmaking M&A | USA

Buyer: Nucor
Target: California Steel
Target country: USA
Basis: Equity
Stake purchased: 50%
Deal date: Feb 2022
Acquisition cost: $ 400m
Full acquisition cost (100% basis): $ 800m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: $ 133m
EBIT: n/a
PBT: n/a
Sales tonnage: 1814 kt/year
Crude steel production: n/a
Volume estimate: 1814 kt/year
Employees: 900
Productivity: 2016 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: 6.02
Full acquisition cost $/t sales: 441
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 441
Full acquisition cost $000/employee: 889
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Nippon Steel Acquires G/GJ Steel (Thailand)

Sat, 01 Jan 2022 00:00:00 +0000

[SteelOnTheNet] Acquisition of shares in G Steel and GJ Steel. G/GJ Steel are the only integrated flat steel producers in Thailand with facilities including electric arc furnaces (EAFs) and hot strip mills, supplying hot-rolled steel sheets for general purpose

Topics: Steelmaking M&A | Thailand

Buyer: Nippon Steel
Target: G/GJ Steel
Target country: Thailand
Basis: Equity
Stake purchased: 100%
Deal date: Jan 2022
Acquisition cost: $ 419m
Full acquisition cost (100% basis): $ 419m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: $ 661m
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 1290 kt/year
Crude steel production: n/a
Volume estimate: 1290 kt/year
Employees: 1293
Productivity: 998 tonnes/employee
Full acquisition cost / Revenue: 0.63
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 325
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 325
Full acquisition cost $000/employee: 324
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Dniprovskyi Coke Plant Acquires Dniprovskyi Iron & Steel (Ukraine)

Wed, 01 Sep 2021 00:00:00 +0000

[SteelOnTheNet] Dniprovskyi Coke Plant, part of the Metinvest Group, signed agreement on acquisition of the property complex of Dniprovskyi Iron and Steel Works for Hryvna 9.17 billion. Fx Hryvna 26.38 / $

Topics: Steelmaking M&A | Ukraine

Buyer: Dniprovskyi Coke Plant
Target: Dniprovskyi Iron & Steel
Target country: Ukraine
Basis: Assets
Stake purchased: n/a
Deal date: Sep 2021
Acquisition cost: $ 347.6m
Full acquisition cost (100% basis): $ 347.6m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: n/a
Crude steel production: 3850 kt/year
Volume estimate: 3850 kt/year
Employees: 8865
Productivity: 434 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: n/a
Full acquisition cost $/t crude: 90
Full acquisition cost $/t volume: 90
Full acquisition cost $000/employee: 39
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

UK Government Acquires Sheffield Forgemasters (UK)

Thu, 01 Jul 2021 00:00:00 +0000

[SteelOnTheNet] Nationalisation by UK Government for GBP £2.6m. Fx $1.309 / £

Topics: Steelmaking M&A | UK

Buyer: UK Government
Target: Sheffield Forgemasters
Target country: UK
Basis: Equity
Stake purchased: 100%
Deal date: Jul 2021
Acquisition cost: $ 3m
Full acquisition cost (100% basis): $ 3m
Debt basis: Unclear
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: $ 102m
EBITDA: n/a
EBIT: n/a
PBT: $ 1m
Sales tonnage: 10 kt/year
Crude steel production: n/a
Volume estimate: 10 kt/year
Employees: 600
Productivity: 17 tonnes/employee
Full acquisition cost / Revenue: 0.03
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 300
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 300
Full acquisition cost $000/employee: 5
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

JSW Steel Acquires Bhushan Power & Steel (India)

Mon, 01 Mar 2021 00:00:00 +0000

[SteelOnTheNet] Complex timeline whereby BPSL acquired (2021) → briefly reversed and ordered into liquidation (May 2025) → reversal recalled (Jul 2025) → deal restored (Sep 2025, finalised Mar 2026)

Topics: Steelmaking M&A | India

Buyer: JSW Steel
Target: Bhushan Power & Steel
Target country: India
Basis: Equity
Stake purchased: 100%
Deal date: Mar 2021
Acquisition cost: $ 2300m
Full acquisition cost (100% basis): $ 2300m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 3500 kt/year
Crude steel production: 2800 kt/year
Volume estimate: 3500 kt/year
Employees: n/a
Productivity: n/a
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 657
Full acquisition cost $/t crude: 821
Full acquisition cost $/t volume: 657
Full acquisition cost $000/employee: n/a
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Cleveland Cliffs Acquires ArcelorMittal USA (USA)

Tue, 01 Dec 2020 00:00:00 +0000

[SteelOnTheNet] Acquisition included the interests of ArcelorMittal USA of 60% in I/N Tek L.P. and 50% in I/N Kote L.P. Business acquired on cash-free and debt-free basis. Net debt/liabilities assumed: ~$1.9bn (=$0.5bn net liabilities + $1.5bn pension/OPEB)

Topics: Steelmaking M&A | USA

Buyer: Cleveland Cliffs
Target: ArcelorMittal USA
Target country: USA
Basis: Equity
Stake purchased: 100%
Deal date: Dec 2020
Acquisition cost: $ 1400m
Full acquisition cost (100% basis): $ 1400m
Debt basis: Incl liabilities
Liabilities assumed: $ 1900m
Enterprise value: $ 3300m
Revenue: $ 9900m
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 11338 kt/year
Crude steel production: n/a
Volume estimate: 11338 kt/year
Employees: 18000
Productivity: 630 tonnes/employee
Full acquisition cost / Revenue: 0.14
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 123
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 123
Full acquisition cost $000/employee: 78
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Gerdau Acos Longos Acquires Silat (Brazil)

Tue, 01 Dec 2020 00:00:00 +0000

[SteelOnTheNet] Gerdau SA, through its subsidiary, Gerdau Aços Longos, completed the acquisition of long steel producer Siderúrgica Latino Americana, or Silat, after securing approval from Brazil's Administrative Council for Economic Defence

Topics: Steelmaking M&A | Brazil

Buyer: Gerdau Acos Longos
Target: Silat
Target country: Brazil
Basis: Equity
Stake purchased: 96%
Deal date: Dec 2020
Acquisition cost: $ 111m
Full acquisition cost (100% basis): $ 115m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 600 kt/year
Crude steel production: n/a
Volume estimate: 600 kt/year
Employees: 876
Productivity: 685 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 192
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 192
Full acquisition cost $000/employee: 131
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Liberty Acquires Huta Czestochowa (Poland)

Tue, 01 Dec 2020 00:00:00 +0000

[SteelOnTheNet] Huta Częstochowa has the capacity to produce up to 0.7 million tonnes per annum (mtpa) of GREENSTEEL from its electric arc furnace and 1.2 mtpa from its Heavy Plate Mill,

Topics: Steelmaking M&A | Poland

Buyer: Liberty
Target: Huta Czestochowa
Target country: Poland
Basis: Equity
Stake purchased: 100%
Deal date: Dec 2020
Acquisition cost: $ 52m
Full acquisition cost (100% basis): $ 52m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 700 kt/year
Crude steel production: 1200 kt/year
Volume estimate: 950 kt/year
Employees: 1200
Productivity: 792 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 74
Full acquisition cost $/t crude: 43
Full acquisition cost $/t volume: 55
Full acquisition cost $000/employee: 43
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

US Steel Acquires Big River Steel (USA)

Tue, 01 Dec 2020 00:00:00 +0000

[SteelOnTheNet] Acquisition of remaining 50.1% equity stake for $774m. 49.9% stake previously acquired in October 2019.

Topics: Steelmaking M&A | USA

Buyer: US Steel
Target: Big River Steel
Target country: USA
Basis: Equity
Stake purchased: 50%
Deal date: Dec 2020
Acquisition cost: $ 774m
Full acquisition cost (100% basis): $ 1545m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 3000 kt/year
Crude steel production: n/a
Volume estimate: 3000 kt/year
Employees: 651
Productivity: 4608 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 515
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 515
Full acquisition cost $000/employee: 2373
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

China Baowu Steel Acquires Xinxing Iron Pipes (China)

Sun, 01 Nov 2020 00:00:00 +0000

[SteelOnTheNet] The second largest steel mill in the western region of Xinjiang, Xinxing Ductile Iron Pipes Xinjiang Co. Ltd., with a yearly capacity of 3 million tons, will be consolidated into China Baowu Steel Group Corp. Ltd. for 2.2 billion yuan ($334 m).

Topics: Steelmaking M&A | China

Buyer: China Baowu Steel
Target: Xinxing Iron Pipes
Target country: China
Basis: Equity
Stake purchased: 100%
Deal date: Nov 2020
Acquisition cost: $ 334m
Full acquisition cost (100% basis): $ 334m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 3000 kt/year
Crude steel production: n/a
Volume estimate: 3000 kt/year
Employees: n/a
Productivity: n/a
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 111
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 111
Full acquisition cost $000/employee: n/a
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

China Baowu Steel Acquires TISCO (China)

Sat, 01 Aug 2020 00:00:00 +0000

[SteelOnTheNet] The 51% stake is worth 14.5 billion yuan ($2.10 billion), based on an audit of TISCO's net assets, although Baowu will not pay anything as the deal is a state-backed restructuring.

Topics: Steelmaking M&A | China

Buyer: China Baowu Steel
Target: TISCO
Target country: China
Basis: Equity
Stake purchased: 51%
Deal date: Aug 2020
Acquisition cost: $ 2100m
Full acquisition cost (100% basis): $ 4118m
Debt basis: Unclear
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: $ 11500m
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 5390 kt/year
Crude steel production: n/a
Volume estimate: 5390 kt/year
Employees: 20881
Productivity: 258 tonnes/employee
Full acquisition cost / Revenue: 0.36
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 764
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 764
Full acquisition cost $000/employee: 197
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Cleveland Cliffs Acquires AK Steel (USA)

Sun, 01 Mar 2020 00:00:00 +0000

[SteelOnTheNet] Technically a stock merger - but in practical terms an acquisition — Cliffs was the acquirer in every meaningful sense (strategy, branding, management continuity). Net debt assumed was $1.9 billion

Topics: Steelmaking M&A | USA

Buyer: Cleveland Cliffs
Target: AK Steel
Target country: USA
Basis: Equity
Stake purchased: 100%
Deal date: Mar 2020
Acquisition cost: $ 1100m
Full acquisition cost (100% basis): $ 1100m
Debt basis: Equity only
Liabilities assumed: $ 1900m
Enterprise value: $ 3000m
Revenue: $ 6400m
EBITDA: $ 446.5m
EBIT: n/a
PBT: n/a
Sales tonnage: 4845 kt/year
Crude steel production: n/a
Volume estimate: 4845 kt/year
Employees: 9500
Productivity: 510 tonnes/employee
Full acquisition cost / Revenue: 0.17
Full acquisition cost / EBITDA: 2.46
Full acquisition cost $/t sales: 227
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 227
Full acquisition cost $000/employee: 116
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Jingye Group Acquires British Steel (UK)

Sun, 01 Mar 2020 00:00:00 +0000

[SteelOnTheNet] Transaction includes Scunthorpe and UK mills at Teesside Beam Mill and Skinningrove, as well as subsidiary businesses FN Steel in the Netherlands and TSP Engineering. Does not include British Steel’s French operations at Hayange

Topics: Steelmaking M&A | UK

Buyer: Jingye Group
Target: British Steel
Target country: UK
Basis: Equity
Stake purchased: 100%
Deal date: Mar 2020
Acquisition cost: $ 90m
Full acquisition cost (100% basis): $ 90m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: n/a
Crude steel production: 2600 kt/year
Volume estimate: 2600 kt/year
Employees: 3200
Productivity: 813 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: n/a
Full acquisition cost $/t crude: 35
Full acquisition cost $/t volume: 35
Full acquisition cost $000/employee: 28
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Liberty Acquires Adhunik Metals (India)

Sat, 01 Feb 2020 00:00:00 +0000

[SteelOnTheNet] Adhunik is an integrated steel plant located in Chadrihariharpur near Rourkela with liquid steel capacity of 0.5 mt, besides a 34MW captive power plant. Zion Steel, its associated steel rolling facility, has a combined rolling capacity of 400,000 tonnes per annum.

Topics: Steelmaking M&A | India

Buyer: Liberty
Target: Adhunik Metals
Target country: India
Basis: Equity
Stake purchased: 100%
Deal date: Feb 2020
Acquisition cost: $ 60m
Full acquisition cost (100% basis): $ 60m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 400 kt/year
Crude steel production: 500 kt/year
Volume estimate: 450 kt/year
Employees: 1500
Productivity: 300 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 150
Full acquisition cost $/t crude: 120
Full acquisition cost $/t volume: 133
Full acquisition cost $000/employee: 40
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Tenaris Acquires Ipsco Tubulars Inc (USA)

Wed, 01 Jan 2020 00:00:00 +0000

[SteelOnTheNet] As of November 30, 2017, IPSCO Tubulars Inc had approximately 690 employees at the three facilities in the United States

Topics: Steelmaking M&A | USA

Buyer: Tenaris
Target: Ipsco Tubulars Inc
Target country: USA
Basis: Equity
Stake purchased: 100%
Deal date: Jan 2020
Acquisition cost: $ 1067m
Full acquisition cost (100% basis): $ 1067m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: $ 1400m
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 1850 kt/year
Crude steel production: 3212 kt/year
Volume estimate: 2531 kt/year
Employees: 690
Productivity: 3668 tonnes/employee
Full acquisition cost / Revenue: 0.76
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 577
Full acquisition cost $/t crude: 332
Full acquisition cost $/t volume: 422
Full acquisition cost $000/employee: 1546
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

AM / NS India Acquires Essar Steel (India)

Sun, 01 Dec 2019 00:00:00 +0000

[SteelOnTheNet] Deal structure was: Equity value paid to shareholders: $0 (equity extinguished in insolvency) / Consideration to creditors: ~$5.7bn (this was the "acquisition cost" — what AM/NS actually paid) / Net debt assumed post-acquisition: $0 (the IBC process wiped the debt slate clean before handover)

Topics: Steelmaking M&A | India

Buyer: AM / NS India
Target: Essar Steel
Target country: India
Basis: Equity
Stake purchased: 100%
Deal date: Dec 2019
Acquisition cost: $ 5700m
Full acquisition cost (100% basis): $ 5700m
Debt basis: Equity only
Liabilities assumed: $ 0m
Enterprise value: $ 5700m
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 7000 kt/year
Crude steel production: 7500 kt/year
Volume estimate: 7250 kt/year
Employees: 7000
Productivity: 1036 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 814
Full acquisition cost $/t crude: 760
Full acquisition cost $/t volume: 786
Full acquisition cost $000/employee: 814
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

GFG Alliance Acquires Bayou Steel (USA)

Sun, 01 Dec 2019 00:00:00 +0000

[SteelOnTheNet] Bayou Steel Group, a US producer of structural steel and merchant bar, ceased operation and entered administration at the end of September 2019. Asset purchase for $28m. Zero net debt transferred.

Topics: Steelmaking M&A | USA

Buyer: GFG Alliance
Target: Bayou Steel
Target country: USA
Basis: Assets
Stake purchased: n/a
Deal date: Dec 2019
Acquisition cost: $ 28m
Full acquisition cost (100% basis): $ 28m
Debt basis: Asset purchase
Liabilities assumed: $ 0m
Enterprise value: $ 28m
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 540 kt/year
Crude steel production: n/a
Volume estimate: 540 kt/year
Employees: 400
Productivity: 1350 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 52
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 52
Full acquisition cost $000/employee: 70
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Delong Steel Acquires Bohai Steel (China)

Thu, 01 Aug 2019 00:00:00 +0000

[SteelOnTheNet] Delong to pay 20 billion yuan for the transaction, equivalent to about 10% of Bohai's total unpaid debt,. Fx Yuan 7.03 / $

Topics: Steelmaking M&A | China

Buyer: Delong Steel
Target: Bohai Steel
Target country: China
Basis: Equity
Stake purchased: 100%
Deal date: Aug 2019
Acquisition cost: $ 2845m
Full acquisition cost (100% basis): $ 2845m
Debt basis: Unclear
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: n/a
Crude steel production: 3000 kt/year
Volume estimate: 3000 kt/year
Employees: n/a
Productivity: n/a
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: n/a
Full acquisition cost $/t crude: 948
Full acquisition cost $/t volume: 948
Full acquisition cost $000/employee: n/a
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

GFG Alliance Acquires Keystone Consol (USA)

Tue, 01 Jan 2019 00:00:00 +0000

[SteelOnTheNet] Acquisition incl wire rod facility with a 1.1-million capacity electric arc furnace, the agricultural fence products of RedBrand, industrial wire, an MBQ/SBQ bar mill, three welded wire reinforcement mesh facilities and a PC strand facility

Topics: Steelmaking M&A | USA

Buyer: GFG Alliance
Target: Keystone Consol
Target country: USA
Basis: Equity
Stake purchased: 100%
Deal date: Jan 2019
Acquisition cost: $ 320m
Full acquisition cost (100% basis): $ 320m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: n/a
Crude steel production: 1000 kt/year
Volume estimate: 1000 kt/year
Employees: n/a
Productivity: n/a
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: n/a
Full acquisition cost $/t crude: 320
Full acquisition cost $/t volume: 320
Full acquisition cost $000/employee: n/a
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

AM Investco Acquires Ilva (Italy)

Thu, 01 Nov 2018 00:00:00 +0000

[SteelOnTheNet] Ilva was purchased by a consortium called AM Investco, in which ArcelorMittal has a majority 94.4% stake while Banca Intesa Sanpaolo owns the remaining 5.6%. Consortium paid €1.8bn.Fx $1.14 / €. Ilva was transferred debt-free from dministration)

Topics: Steelmaking M&A | Italy

Buyer: AM Investco
Target: Ilva
Target country: Italy
Basis: Equity
Stake purchased: 100%
Deal date: Nov 2018
Acquisition cost: $ 2052m
Full acquisition cost (100% basis): $ 2052m
Debt basis: Equity only
Liabilities assumed: $ 0m
Enterprise value: $ 2052m
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: n/a
Crude steel production: 3400 kt/year
Volume estimate: 3400 kt/year
Employees: 14220
Productivity: 239 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: n/a
Full acquisition cost $/t crude: 604
Full acquisition cost $/t volume: 604
Full acquisition cost $000/employee: 144
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Commercial Metals Company Acquires Gerdau USA assets (USA)

Thu, 01 Nov 2018 00:00:00 +0000

[SteelOnTheNet] Acquisition of 33 rebar fabrication facilities in the USA, as well as steel mills located in Knoxville, Tennessee; Jacksonville, Florida; Sayreville, New Jersey & Rancho Cucamonga, California. Acquired rolling capacity of 2.5m short tons. Asset purchase for $600m. No debt assumed. Purchase consideration $701m incl $101m working capital

Topics: Steelmaking M&A | USA

Buyer: Commercial Metals Company
Target: Gerdau USA assets
Target country: USA
Basis: Assets
Stake purchased: n/a
Deal date: Nov 2018
Acquisition cost: $ 600m
Full acquisition cost (100% basis): $ 600m
Debt basis: Asset purchase
Liabilities assumed: $ 0m
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 2268 kt/year
Crude steel production: n/a
Volume estimate: 2268 kt/year
Employees: 3200
Productivity: 709 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 265
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 265
Full acquisition cost $000/employee: 188
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Angang Steel Acquires Chaoyang Steel (China)

Sun, 01 Jul 2018 00:00:00 +0000

[SteelOnTheNet] Angang Steel purchase a 100-percent stake in Chaoyang steel held by its controlling shareholder, Ansteel Group at 5.9 billion yuan. Chaoyang Steel has steel plate production capacity of 2 mt/year. Fx 1 CNY = $0.1489

Topics: Steelmaking M&A | China

Buyer: Angang Steel
Target: Chaoyang Steel
Target country: China
Basis: Equity
Stake purchased: 100%
Deal date: Jul 2018
Acquisition cost: $ 879m
Full acquisition cost (100% basis): $ 879m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 2000 kt/year
Crude steel production: n/a
Volume estimate: 2000 kt/year
Employees: 1972
Productivity: 1014 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 440
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 440
Full acquisition cost $000/employee: 446
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Vedanta Acquires Electrosteel (India)

Fri, 01 Jun 2018 00:00:00 +0000

[SteelOnTheNet] Billionaire Anil Agarwal’s Vedanta Ltd took over on Monday control of bankrupt company Electrosteel Steels Ltd in June 2018 for Rs5,320 crore. Fx Rs 67.16 / $

Topics: Steelmaking M&A | India

Buyer: Vedanta
Target: Electrosteel
Target country: India
Basis: Equity
Stake purchased: 90%
Deal date: Jun 2018
Acquisition cost: $ 792m
Full acquisition cost (100% basis): $ 880m
Debt basis: Unclear
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: $ 438m
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 1400 kt/year
Crude steel production: 1500 kt/year
Volume estimate: 1450 kt/year
Employees: n/a
Productivity: n/a
Full acquisition cost / Revenue: 2.01
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 629
Full acquisition cost $/t crude: 587
Full acquisition cost $/t volume: 607
Full acquisition cost $000/employee: n/a
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

JSW Steel Acquires Aferpi S.p.A (Italy)

Tue, 01 May 2018 00:00:00 +0000

[SteelOnTheNet] Acquisition of 100% shares of Aferpi S.p.A (“Aferpi”) for cash consideration of Euro 55 Million on a cash free, debt free basis. Fx $ 1.181 / €

Topics: Steelmaking M&A | Italy

Buyer: JSW Steel
Target: Aferpi S.p.A
Target country: Italy
Basis: Equity
Stake purchased: 100%
Deal date: May 2018
Acquisition cost: $ 65m
Full acquisition cost (100% basis): $ 65m
Debt basis: Excl debt
Liabilities assumed: $ 0m
Enterprise value: $ 65m
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 1320 kt/year
Crude steel production: n/a
Volume estimate: 1320 kt/year
Employees: 1354
Productivity: 975 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 49
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 49
Full acquisition cost $000/employee: 48
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Tata Steel Acquires Bhushan Steel (India)

Tue, 01 May 2018 00:00:00 +0000

[SteelOnTheNet] Acquired via Insolvency and Bankruptcy Code (NCLT) resolution process for Rs35,200 crore paid to creditors. Renamed Tata Steel BSL

Topics: Steelmaking M&A | India

Buyer: Tata Steel
Target: Bhushan Steel
Target country: India
Basis: Equity
Stake purchased: 73%
Deal date: May 2018
Acquisition cost: $ 5240m
Full acquisition cost (100% basis): $ 7178m
Debt basis: Unclear
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 5600 kt/year
Crude steel production: n/a
Volume estimate: 5600 kt/year
Employees: 5600
Productivity: 1000 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 1282
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 1282
Full acquisition cost $000/employee: 1282
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Schmolz + Bickenbach Acquires Asco Industries (France)

Mon, 01 Jan 2018 00:00:00 +0000

[SteelOnTheNet] Asset acquisition for €140m includes 3 steel plants, Hagondange, Fos-sur-Mer with melt shops, 2 processing sites located in Custines and Le Marais, 1 warehouse located in Cluses and 1 research facility in Hagondange. Fx $1.22 / €

Topics: Steelmaking M&A | France

Buyer: Schmolz + Bickenbach
Target: Asco Industries
Target country: France
Basis: Assets
Stake purchased: n/a
Deal date: Jan 2018
Acquisition cost: $ 171m
Full acquisition cost (100% basis): $ 171m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: n/a
Crude steel production: 1000 kt/year
Volume estimate: 1000 kt/year
Employees: 1200
Productivity: 833 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: n/a
Full acquisition cost $/t crude: 171
Full acquisition cost $/t volume: 171
Full acquisition cost $000/employee: 143
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

CITIC Pacific Acquires Qingdao Special Steel (China)

Sun, 01 Oct 2017 00:00:00 +0000

[SteelOnTheNet] CITIC subsidiary Xingcheng Special Steel entered into an equity transfer agreement to acquire 100% interest in Qingdao Special Steel Co., Ltd. for cash consideration of around RMB127 million. Fx CNY 6.61 / $.

Topics: Steelmaking M&A | China

Buyer: CITIC Pacific
Target: Qingdao Special Steel
Target country: China
Basis: Equity
Stake purchased: 100%
Deal date: Oct 2017
Acquisition cost: $ 19m
Full acquisition cost (100% basis): $ 19m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 3000 kt/year
Crude steel production: n/a
Volume estimate: 3000 kt/year
Employees: n/a
Productivity: n/a
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 6
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 6
Full acquisition cost $000/employee: n/a
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Nucor Acquires Independence Tube (USA)

Thu, 01 Sep 2016 00:00:00 +0000

[SteelOnTheNet] ITC operates four strategically located state-of-the-art facilities in Illinois and Alabama that annually produce roughly 600,000 tons HSS. EBITDA figure is derived from $435m price ÷ "approximately 6x average EBITDA over the 2013-2015 period

Topics: Steelmaking M&A | USA

Buyer: Nucor
Target: Independence Tube
Target country: USA
Basis: Equity
Stake purchased: 100%
Deal date: Sep 2016
Acquisition cost: $ 435m
Full acquisition cost (100% basis): $ 435m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: $ 73m
EBIT: n/a
PBT: n/a
Sales tonnage: 544 kt/year
Crude steel production: n/a
Volume estimate: 544 kt/year
Employees: 335
Productivity: 1624 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: 5.96
Full acquisition cost $/t sales: 800
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 800
Full acquisition cost $000/employee: 1299
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Clerbil Acquires Sidenor (Spain)

Sun, 01 May 2016 00:00:00 +0000

[SteelOnTheNet] Sidenor is Spain's largest specialty steelmaker, with capacity to produce over 1Mt/y. The company has plants in Madrid, the Basque country, Cantabria and Cataluña, and commercial offices in Germany, France, Italy and the UK.

Topics: Steelmaking M&A | Spain

Buyer: Clerbil
Target: Sidenor
Target country: Spain
Basis: Equity
Stake purchased: 100%
Deal date: May 2016
Acquisition cost: $ 174m
Full acquisition cost (100% basis): $ 174m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 1000 kt/year
Crude steel production: n/a
Volume estimate: 1000 kt/year
Employees: n/a
Productivity: n/a
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 174
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 174
Full acquisition cost $000/employee: n/a
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Hesteel Acquires Zelezara Smederevo (Serbia)

Sun, 01 May 2016 00:00:00 +0000

[SteelOnTheNet] Chinese company He Steel was the only bidder in a tender to sell the factory. The Chinese company reportedly offered EUR 46m. Fx $1 USD = €0.8838

Topics: Steelmaking M&A | Serbia

Buyer: Hesteel
Target: Zelezara Smederevo
Target country: Serbia
Basis: Equity
Stake purchased: 100%
Deal date: May 2016
Acquisition cost: $ 52m
Full acquisition cost (100% basis): $ 52m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 2100 kt/year
Crude steel production: 2200 kt/year
Volume estimate: 2150 kt/year
Employees: 5050
Productivity: 426 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 25
Full acquisition cost $/t crude: 24
Full acquisition cost $/t volume: 24
Full acquisition cost $000/employee: 10
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Bluescope Acquires North Star (USA)

Thu, 01 Oct 2015 00:00:00 +0000

[SteelOnTheNet] BlueScope purchase of Cargill's 50 per cent share of North Star BlueScope Steel LLC for US$720 million. The transaction will take BlueScope's ownership of North Star to 100 per cent.

Topics: Steelmaking M&A | USA

Buyer: Bluescope
Target: North Star
Target country: USA
Basis: Equity
Stake purchased: 50%
Deal date: Oct 2015
Acquisition cost: $ 720m
Full acquisition cost (100% basis): $ 1440m
Debt basis: Equity only
Liabilities assumed: $ 40m
Enterprise value: $ 1480m
Revenue: $ 1200m
EBITDA: $ 185.7m
EBIT: n/a
PBT: n/a
Sales tonnage: 2000 kt/year
Crude steel production: n/a
Volume estimate: 2000 kt/year
Employees: n/a
Productivity: n/a
Full acquisition cost / Revenue: 1.2
Full acquisition cost / EBITDA: 7.75
Full acquisition cost $/t sales: 720
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 720
Full acquisition cost $000/employee: n/a
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Ansteel Acquires Lianzhong Guangzhou (China)

Mon, 01 Sep 2014 00:00:00 +0000

[SteelOnTheNet] Lianzhong Guangzhou Stainless Steel Corp., a stainless steel maker fully owned by Taiwan-based E United Group,

Topics: Steelmaking M&A | China

Buyer: Ansteel
Target: Lianzhong Guangzhou
Target country: China
Basis: Equity
Stake purchased: 60%
Deal date: Sep 2014
Acquisition cost: $ 500m
Full acquisition cost (100% basis): $ 833m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: $ 3330m
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 1500 kt/year
Crude steel production: n/a
Volume estimate: 1500 kt/year
Employees: n/a
Productivity: n/a
Full acquisition cost / Revenue: 0.25
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 555
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 555
Full acquisition cost $000/employee: n/a
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Steel Dynamics Acquires Severstal Columbus (USA)

Mon, 01 Sep 2014 00:00:00 +0000

[SteelOnTheNet] Relatively new and technologically advanced mini-mill in North America.

Topics: Steelmaking M&A | USA

Buyer: Steel Dynamics
Target: Severstal Columbus
Target country: USA
Basis: Equity
Stake purchased: 100%
Deal date: Sep 2014
Acquisition cost: $ 1625m
Full acquisition cost (100% basis): $ 1625m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: $ 2200m
EBITDA: $ 254m
EBIT: n/a
PBT: n/a
Sales tonnage: 3084 kt/year
Crude steel production: n/a
Volume estimate: 3084 kt/year
Employees: 645
Productivity: 4781 tonnes/employee
Full acquisition cost / Revenue: 0.74
Full acquisition cost / EBITDA: 6.4
Full acquisition cost $/t sales: 527
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 527
Full acquisition cost $000/employee: 2519
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Sahaviriya Steel Industries UK Acquires Teesside Cast Products (UK)

Tue, 01 Feb 2011 00:00:00 +0000

[SteelOnTheNet] USD469m (GBP291m) per Tata Steel press release; includes Redcar blast furnace (2nd-largest in Europe), Redcar/South Bank coke ovens, power generation, sinter plant, Lackenby steelmaking and casting; slab capacity 3.5Mt/yr; 700 existing jobs retained, 800 more planned; SSI UK entered liquidation Oct-2015

Topics: Steelmaking M&A | UK

Buyer: Sahaviriya Steel Industries UK
Target: Teesside Cast Products
Target country: UK
Basis: Asset
Stake purchased: 100%
Deal date: Feb 2011
Acquisition cost: $ 469m
Full acquisition cost (100% basis): $ 469m
Debt basis: Asset purchase
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: n/a
Crude steel production: 3500 kt/year
Volume estimate: 3500 kt/year
Employees: 700
Productivity: 5000 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: n/a
Full acquisition cost $/t crude: 134
Full acquisition cost $/t volume: 134
Full acquisition cost $000/employee: 670
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

JFE Steel Acquires JSW (India)

Fri, 01 Oct 2010 00:00:00 +0000

[SteelOnTheNet] JFE Steel Corporation has acquired 15% of India’s JSW Steel for INR 48bn ($1.02bn). The deal will help JFE increase its share of the ever-growing Indian steel market.

Topics: Steelmaking M&A | India

Buyer: JFE Steel
Target: JSW
Target country: India
Basis: Equity
Stake purchased: 15%
Deal date: Oct 2010
Acquisition cost: $ 1020m
Full acquisition cost (100% basis): $ 6800m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: n/a
Crude steel production: 6400 kt/year
Volume estimate: 6400 kt/year
Employees: n/a
Productivity: n/a
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: n/a
Full acquisition cost $/t crude: 1063
Full acquisition cost $/t volume: 1063
Full acquisition cost $000/employee: n/a
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Gerdau Ameristeel Acquires TAMCO (USA)

Wed, 01 Sep 2010 00:00:00 +0000

[SteelOnTheNet] Purchase agreement to acquire TAMCO was with Ameron International, Tokyo Steel and Mitsui & Co. (U.S.A.) Inc. TAMCO is based in Rancho Cucamonga, Calif.,

Topics: Steelmaking M&A | USA

Buyer: Gerdau Ameristeel
Target: TAMCO
Target country: USA
Basis: Equity
Stake purchased: 100%
Deal date: Sep 2010
Acquisition cost: $ 165m
Full acquisition cost (100% basis): $ 165m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 500 kt/year
Crude steel production: n/a
Volume estimate: 500 kt/year
Employees: n/a
Productivity: n/a
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 330
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 330
Full acquisition cost $000/employee: n/a
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Chelyabinsk Acquires Laminorul Braila (Romania)

Thu, 01 Apr 2010 00:00:00 +0000

[SteelOnTheNet] In February 2010 Mechel acquired 100% of the shares of Donau Commodities SRL, which holds 90.9% of the shares of Laminorul SA (Laminorul Braila), a steel plant located in Braila, Romania, for a consideration of 9.4 million euro [$12.6 million]

Topics: Steelmaking M&A | Romania

Buyer: Chelyabinsk
Target: Laminorul Braila
Target country: Romania
Basis: Equity
Stake purchased: 91%
Deal date: Apr 2010
Acquisition cost: $ 12.6m
Full acquisition cost (100% basis): $ 14m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 380 kt/year
Crude steel production: n/a
Volume estimate: 380 kt/year
Employees: n/a
Productivity: n/a
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 37
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 37
Full acquisition cost $000/employee: n/a
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Novolipetsk Steel Acquires Beta Steel (USA)

Mon, 01 Sep 2008 00:00:00 +0000

[SteelOnTheNet] Beta Steel is an independent steel producer specializing in the production of hot rolled flat steel. Over 35% of Beta Steel’s total output is currently sold to pipe and tube producers.

Topics: Steelmaking M&A | USA

Buyer: Novolipetsk Steel
Target: Beta Steel
Target country: USA
Basis: Equity
Stake purchased: 100%
Deal date: Sep 2008
Acquisition cost: $ 400m
Full acquisition cost (100% basis): $ 400m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: $ 324m
EBITDA: $ 21m
EBIT: n/a
PBT: n/a
Sales tonnage: 1100 kt/year
Crude steel production: 725 kt/year
Volume estimate: 913 kt/year
Employees: n/a
Productivity: n/a
Full acquisition cost / Revenue: 1.23
Full acquisition cost / EBITDA: 19.05
Full acquisition cost $/t sales: n/a
Full acquisition cost $/t crude: 552
Full acquisition cost $/t volume: 438
Full acquisition cost $000/employee: n/a
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Nucor Acquires Ambassabor Steel (USA)

Sun, 01 Jun 2008 00:00:00 +0000

[SteelOnTheNet] In 2007, the company shipped 422,000 tons of fabricated rebar and distributed another 228,000 tons of reinforcing steel.

Topics: Steelmaking M&A | USA

Buyer: Nucor
Target: Ambassabor Steel
Target country: USA
Basis: Equity
Stake purchased: 100%
Deal date: Jun 2008
Acquisition cost: $ 185m
Full acquisition cost (100% basis): $ 185m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 383 kt/year
Crude steel production: n/a
Volume estimate: 383 kt/year
Employees: 85
Productivity: 4506 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 483
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 483
Full acquisition cost $000/employee: 2176
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Evraz Holdings Acquires Claymont Steel (USA)

Tue, 01 Jan 2008 00:00:00 +0000

[SteelOnTheNet] Claymont Steel has capacity to produce over 500,000 tonnes a year of carbon steel plate at its plant in Claymont, Delaware.

Topics: Steelmaking M&A | USA

Buyer: Evraz Holdings
Target: Claymont Steel
Target country: USA
Basis: Equity
Stake purchased: 100%
Deal date: Jan 2008
Acquisition cost: $ 565m
Full acquisition cost (100% basis): $ 565m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: $ 333m
EBITDA: $ 67m
EBIT: n/a
PBT: n/a
Sales tonnage: 500 kt/year
Crude steel production: n/a
Volume estimate: 500 kt/year
Employees: 375
Productivity: 1333 tonnes/employee
Full acquisition cost / Revenue: 1.7
Full acquisition cost / EBITDA: 8.43
Full acquisition cost $/t sales: 1130
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 1130
Full acquisition cost $000/employee: 1507
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

POSCO Acquires MEGS (Malaysia)

Sat, 01 Dec 2007 00:00:00 +0000

[SteelOnTheNet] MEGS is an electrolytic galvanized coil maker, is located in Klang, near Kuala Lumpur. Capacity was 120kt at point of acquisition; raised to 180kt soon after takeover

Topics: Steelmaking M&A | Malaysia

Buyer: POSCO
Target: MEGS
Target country: Malaysia
Basis: Equity
Stake purchased: 60%
Deal date: Dec 2007
Acquisition cost: $ 15.6m
Full acquisition cost (100% basis): $ 26m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 120 kt/year
Crude steel production: n/a
Volume estimate: 120 kt/year
Employees: n/a
Productivity: n/a
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: n/a
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 217
Full acquisition cost $000/employee: n/a
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

US Steel Acquires Stelco Inc (Canada)

Wed, 01 Aug 2007 00:00:00 +0000

[SteelOnTheNet] Renamed U.S. Steel Canada. Employees 'fewer than 3,600'. Revenue figure reconstructed by adding two actually reported, audited sub-period figures. Sale volume of 3579kt based on H1 2026 actual and H2 2026 management forecast

Topics: Steelmaking M&A | Canada

Buyer: US Steel
Target: Stelco Inc
Target country: Canada
Basis: Equity
Stake purchased: 100%
Deal date: Aug 2007
Acquisition cost: $ 1100m
Full acquisition cost (100% basis): $ 1100m
Debt basis: debt_assumed_separate
Liabilities assumed: $ 750m
Enterprise value: $ 1850m
Revenue: $ 2208m
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 3579 kt/year
Crude steel production: n/a
Volume estimate: 3579 kt/year
Employees: 3600
Productivity: 994 tonnes/employee
Full acquisition cost / Revenue: 0.5
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: n/a
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 307
Full acquisition cost $000/employee: 306
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Essar Steel Holdings Acquires Algoma (Canada)

Fri, 01 Jun 2007 00:00:00 +0000

[SteelOnTheNet] Algoma revenues, which totaled Canadian $1.9 billion in 2006, are derived primarily from the manufacture and sale of rolled steel products including hot- and cold-rolled steel and plates.

Topics: Steelmaking M&A | Canada

Buyer: Essar Steel Holdings
Target: Algoma
Target country: Canada
Basis: Equity
Stake purchased: 100%
Deal date: Jun 2007
Acquisition cost: $ 1640m
Full acquisition cost (100% basis): $ 1640m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: $ 1680m
EBITDA: $ 336m
EBIT: n/a
PBT: n/a
Sales tonnage: 2177 kt/year
Crude steel production: n/a
Volume estimate: 2177 kt/year
Employees: 2700
Productivity: 806 tonnes/employee
Full acquisition cost / Revenue: 0.98
Full acquisition cost / EBITDA: 4.88
Full acquisition cost $/t sales: 753
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 753
Full acquisition cost $000/employee: 607
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Tata Steel Acquires Corus Group plc (UK)

Sun, 01 Apr 2007 00:00:00 +0000

[SteelOnTheNet] Acquisition ggives enlarged company will a pro forma crude steel production of 27 million tonnes in 2007

Topics: Steelmaking M&A | UK

Buyer: Tata Steel
Target: Corus Group plc
Target country: UK
Basis: Equity
Stake purchased: 100%
Deal date: Apr 2007
Acquisition cost: $ 12000m
Full acquisition cost (100% basis): $ 12000m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: $ 18500m
EBITDA: $ 1720m
EBIT: n/a
PBT: n/a
Sales tonnage: n/a
Crude steel production: 18200 kt/year
Volume estimate: 18200 kt/year
Employees: 41100
Productivity: 443 tonnes/employee
Full acquisition cost / Revenue: 0.65
Full acquisition cost / EBITDA: 6.98
Full acquisition cost $/t sales: n/a
Full acquisition cost $/t crude: 659
Full acquisition cost $/t volume: 659
Full acquisition cost $000/employee: 292
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Nucor Acquires Harris Steel Group (USA)

Thu, 01 Mar 2007 00:00:00 +0000

[SteelOnTheNet] Purchase includes Harris Rebar (fabrication and placing of concrete reinforcing steel and the design and installation of concrete post-tensioning systems), Laurel Steel (wire and wire products, welded mesh and cold finished bar) and Fisher & Ludlow (grating)

Topics: Steelmaking M&A | USA

Buyer: Nucor
Target: Harris Steel Group
Target country: USA
Basis: Equity
Stake purchased: 100%
Deal date: Mar 2007
Acquisition cost: $ 1070m
Full acquisition cost (100% basis): $ 1070m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: $ 1190m
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: n/a
Crude steel production: n/a
Volume estimate: n/a
Employees: 3000
Productivity: n/a
Full acquisition cost / Revenue: 0.9
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: n/a
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: n/a
Full acquisition cost $000/employee: 357
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

ArcelorMittal Acquires Sicartsa (Mexico)

Fri, 01 Dec 2006 00:00:00 +0000

[SteelOnTheNet] Annual production capacity of approximately 2.7 million tons from its facilities in Mexico and the United States (Texas). Sicartsa has iron ore reserves of 160-million tones; owns Lazaro Cardenas steel plant

Topics: Steelmaking M&A | Mexico

Buyer: ArcelorMittal
Target: Sicartsa
Target country: Mexico
Basis: Equity
Stake purchased: 100%
Deal date: Dec 2006
Acquisition cost: $ 1439m
Full acquisition cost (100% basis): $ 1439m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: $ 956m
EBITDA: $ 248m
EBIT: n/a
PBT: n/a
Sales tonnage: n/a
Crude steel production: 2700 kt/year
Volume estimate: 2700 kt/year
Employees: 5500
Productivity: 491 tonnes/employee
Full acquisition cost / Revenue: 1.51
Full acquisition cost / EBITDA: 5.8
Full acquisition cost $/t sales: n/a
Full acquisition cost $/t crude: 533
Full acquisition cost $/t volume: 533
Full acquisition cost $000/employee: 262
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Novolipetsk Steel Acquires Viz Stal (Russia)

Tue, 01 Aug 2006 00:00:00 +0000

[SteelOnTheNet] VIZ Stal produces cold-rolled electrical steel sheet, and has a 56% share of the Russian grain-oriented steel market and about 11% of the world market.

Topics: Steelmaking M&A | Russia

Buyer: Novolipetsk Steel
Target: Viz Stal
Target country: Russia
Basis: Equity
Stake purchased: 100%
Deal date: Aug 2006
Acquisition cost: $ 550m
Full acquisition cost (100% basis): $ 550m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 200 kt/year
Crude steel production: n/a
Volume estimate: 200 kt/year
Employees: n/a
Productivity: n/a
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: n/a
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 2750
Full acquisition cost $000/employee: n/a
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Evraz Group Acquires Highveld Steel and Vanadium (South Africa)

Sat, 01 Jul 2006 00:00:00 +0000

[SteelOnTheNet] USD678m combined for 79.8% stake, acquired in two tranches from Anglo American: USD412m for initial 49.8% (Jul-06) + USD28m dividends + USD238m for remaining 29.2% (call option exercised, completed May-07)

Topics: Steelmaking M&A | South Africa

Buyer: Evraz Group
Target: Highveld Steel and Vanadium
Target country: South Africa
Basis: Equity
Stake purchased: 79.80%
Deal date: Jul 2006
Acquisition cost: $ 678m
Full acquisition cost (100% basis): $ 850m
Debt basis: unclear
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: $ 981m
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 803 kt/year
Crude steel production: 863 kt/year
Volume estimate: 833 kt/year
Employees: 3842
Productivity: 217 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: n/a
Full acquisition cost $/t crude: 985
Full acquisition cost $/t volume: 1020
Full acquisition cost $000/employee: 221
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Mittal Steel Acquires Arcelor (France)

Thu, 01 Jun 2006 00:00:00 +0000

[SteelOnTheNet] Initial bid launched January 2006. Ultimately, in June 2006, Mittal prevailed and Arcelor agreed to be acquired for EUR26.9 billion (US$34.4 billion), 49% over the initial bid in January and nearly double Arcelor’s pre-bid price. Net debt at acquisition was ~$8 billion

Topics: Steelmaking M&A | France

Buyer: Mittal Steel
Target: Arcelor
Target country: France
Basis: Equity
Stake purchased: 100%
Deal date: Jun 2006
Acquisition cost: $ 26400m
Full acquisition cost (100% basis): $ 26400m
Debt basis: Incl liabilities
Liabilities assumed: $ 8000m
Enterprise value: $ 34400m
Revenue: $ 40600m
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 45000 kt/year
Crude steel production: 46700 kt/year
Volume estimate: 45850 kt/year
Employees: 96256
Productivity: 476 tonnes/employee
Full acquisition cost / Revenue: 0.65
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 587
Full acquisition cost $/t crude: 565
Full acquisition cost $/t volume: 576
Full acquisition cost $000/employee: 274
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

ArcelorMittal Acquires Dofasco (Canada)

Wed, 01 Mar 2006 00:00:00 +0000

[SteelOnTheNet] On March 8, 2006, Arcelor SA of Luxembourg announced that it had acquired over 98 per cent of the outstanding common shares of Dofasco pursuant to its $5.6 billion takeover bid launched on December 31, 2005.

Topics: Steelmaking M&A | Canada

Buyer: ArcelorMittal
Target: Dofasco
Target country: Canada
Basis: Equity
Stake purchased: 98%
Deal date: Mar 2006
Acquisition cost: $ 5600m
Full acquisition cost (100% basis): $ 5714m
Debt basis: Equity only
Liabilities assumed: $ 0m
Enterprise value: $ 5714m
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 4400 kt/year
Crude steel production: 4200 kt/year
Volume estimate: 4300 kt/year
Employees: 5000
Productivity: 860 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 1299
Full acquisition cost $/t crude: 1360
Full acquisition cost $/t volume: 1329
Full acquisition cost $000/employee: 1143
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Novolipetsk Steel Acquires DanSteel (Denmark)

Sun, 01 Jan 2006 00:00:00 +0000

[SteelOnTheNet] DanSteel produces around half a million tonnes of hot rolled steel heavy plates. Slab historically supplied by NLMK.

Topics: Steelmaking M&A | Denmark

Buyer: Novolipetsk Steel
Target: DanSteel
Target country: Denmark
Basis: Equity
Stake purchased: 100%
Deal date: Jan 2006
Acquisition cost: $ 104m
Full acquisition cost (100% basis): $ 104m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: $ 194m
EBITDA: $ 20m
EBIT: n/a
PBT: n/a
Sales tonnage: 500 kt/year
Crude steel production: n/a
Volume estimate: 500 kt/year
Employees: n/a
Productivity: n/a
Full acquisition cost / Revenue: 0.54
Full acquisition cost / EBITDA: 5.2
Full acquisition cost $/t sales: 208
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 208
Full acquisition cost $000/employee: n/a
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Tata Steel Acquires Millenium Steel (Thailand)

Thu, 01 Dec 2005 00:00:00 +0000

[SteelOnTheNet] Millennium Steel was formed through a merger of three operating companies – The Siam Iron and Steel (2001) Company, The Siam Construction Steel Company and NTS Steel Group – in 2002 and became the dominant steel producer in Thailand.

Topics: Steelmaking M&A | Thailand

Buyer: Tata Steel
Target: Millenium Steel
Target country: Thailand
Basis: Equity
Stake purchased: 67%
Deal date: Dec 2005
Acquisition cost: $ 170m
Full acquisition cost (100% basis): $ 253m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: $ 406m
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 1700 kt/year
Crude steel production: 1700 kt/year
Volume estimate: 1700 kt/year
Employees: n/a
Productivity: n/a
Full acquisition cost / Revenue: 0.62
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 149
Full acquisition cost $/t crude: 149
Full acquisition cost $/t volume: 149
Full acquisition cost $000/employee: n/a
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Evraz Group Acquires Vitkovice Steel (Czech Republic)

Tue, 01 Nov 2005 00:00:00 +0000

[SteelOnTheNet] Acquisition of 98.96% of the shares of Vitkovice Steel, the largest platemaker in the Czech Republic, for approximately €240 million. Fx $1.17 / €

Topics: Steelmaking M&A | Czech Republic

Buyer: Evraz Group
Target: Vitkovice Steel
Target country: Czech Republic
Basis: Equity
Stake purchased: 99%
Deal date: Nov 2005
Acquisition cost: $ 281m
Full acquisition cost (100% basis): $ 284m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 802 kt/year
Crude steel production: n/a
Volume estimate: 802 kt/year
Employees: 1600
Productivity: 501 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 354
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 354
Full acquisition cost $000/employee: 178
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

ArcelorMittal Acquires Kryvorizhstal (Ukraine)

Sat, 01 Oct 2005 00:00:00 +0000

[SteelOnTheNet] Earlier 2004 sale of the plant to a group that included the son-in-law of former President Leonid D. Kuchma at the cut-rate price of $850 million was later reversed. Auction price was $4.8 billion; no debt assumed

Topics: Steelmaking M&A | Ukraine

Buyer: ArcelorMittal
Target: Kryvorizhstal
Target country: Ukraine
Basis: Equity
Stake purchased: 93%
Deal date: Oct 2005
Acquisition cost: $ 4800m
Full acquisition cost (100% basis): $ 5161m
Debt basis: Equity only
Liabilities assumed: $ 0m
Enterprise value: $ 5161m
Revenue: $ 1897m
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 6700 kt/year
Crude steel production: n/a
Volume estimate: 6700 kt/year
Employees: 22000
Productivity: 305 tonnes/employee
Full acquisition cost / Revenue: 2.72
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 770
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 770
Full acquisition cost $000/employee: 235
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Oyak Acquires Erdemir Group (Turkey)

Sat, 01 Oct 2005 00:00:00 +0000

[SteelOnTheNet] Turkish Armed Forces Pension Fund (OYAK) acquired a 49.29% stake in Erdemir in Oct 2005 for $2.77 bn in a televised auction. The fund acquired 46.12% from the Turkish Privatization Administration (OIB) and it was also obliged to purchase an additional 3.17% stake from a Turkish bank.

Topics: Steelmaking M&A | Turkey

Buyer: Oyak
Target: Erdemir Group
Target country: Turkey
Basis: Equity
Stake purchased: 49%
Deal date: Oct 2005
Acquisition cost: $ 2770m
Full acquisition cost (100% basis): $ 5620m
Debt basis: Unclear
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: n/a
Crude steel production: 5200 kt/year
Volume estimate: 5200 kt/year
Employees: 7500
Productivity: 693 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: n/a
Full acquisition cost $/t crude: 1081
Full acquisition cost $/t volume: 1081
Full acquisition cost $000/employee: n/a
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Severstal Acquires Gruppo Lucchini (Piombino + Ascometal) (Italy)

Tue, 01 Feb 2005 00:00:00 +0000

[SteelOnTheNet] EUR430m (USD550m at contemporary FX) for 62% controlling stake from Lucchini family via capital increase; full acquisition cost grossed up to 100%-equivalent (550/0.62); Severstal total commitment separately reported at EUR450m; Piombino (2.5Mt) + Ascometal (1.2Mt) combined ~3.5Mt 2005 production; Lucchini family retained ~29%

Topics: Steelmaking M&A | Italy

Buyer: Severstal
Target: Gruppo Lucchini (Piombino + Ascometal)
Target country: Italy
Basis: Equity
Stake purchased: 62%
Deal date: Feb 2005
Acquisition cost: $ 550m
Full acquisition cost (100% basis): $ 887m
Debt basis: unclear
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: n/a
Crude steel production: 3500 kt/year
Volume estimate: 3500 kt/year
Employees: n/a
Productivity: n/a
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: n/a
Full acquisition cost $/t crude: 253
Full acquisition cost $/t volume: 253
Full acquisition cost $000/employee: n/a
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

INI / Hyundai Acquires Hanbo Steel (Korea)

Wed, 01 Sep 2004 00:00:00 +0000

[SteelOnTheNet] Sale of Hanbo Iron & Steel was completed after seven years and eight months, following bankruptcy in 1997

Topics: Steelmaking M&A | Korea

Buyer: INI / Hyundai
Target: Hanbo Steel
Target country: Korea
Basis: Equity
Stake purchased: 100%
Deal date: Sep 2004
Acquisition cost: $ 763m
Full acquisition cost (100% basis): $ 763m
Debt basis: Unclear
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 3000 kt/year
Crude steel production: 3500 kt/year
Volume estimate: 3250 kt/year
Employees: 3100
Productivity: 1048 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 254
Full acquisition cost $/t crude: 218
Full acquisition cost $/t volume: 235
Full acquisition cost $000/employee: 246
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Bohler Uddeholm Acquires Villares Metals (Brazil)

Mon, 01 Mar 2004 00:00:00 +0000

[SteelOnTheNet] Villares Metals is the market leader in the speciality steel sector. In 2003 the company recorded sales of US$184.4mn and Ebit of US$8mn

Topics: Steelmaking M&A | Brazil

Buyer: Bohler Uddeholm
Target: Villares Metals
Target country: Brazil
Basis: Equity
Stake purchased: 100%
Deal date: Mar 2004
Acquisition cost: $ 74.8m
Full acquisition cost (100% basis): $ 75m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: $ 184m
EBITDA: n/a
EBIT: $ 8m
PBT: n/a
Sales tonnage: 100 kt/year
Crude steel production: 150 kt/year
Volume estimate: 125 kt/year
Employees: n/a
Productivity: n/a
Full acquisition cost / Revenue: 0.41
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 750
Full acquisition cost $/t crude: 500
Full acquisition cost $/t volume: 600
Full acquisition cost $000/employee: n/a
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

LNM Holdings Acquires Polskie Huty Stali (Poland)

Sun, 01 Feb 2004 00:00:00 +0000

[SteelOnTheNet] PHS was formed as a joint stock company on June 6, 2002 by 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. Cost PLN 6 million. Fx PLN 3.9 / $

Topics: Steelmaking M&A | Poland

Buyer: LNM Holdings
Target: Polskie Huty Stali
Target country: Poland
Basis: Equity
Stake purchased: 69%
Deal date: Feb 2004
Acquisition cost: $ 2m
Full acquisition cost (100% basis): $ 2m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 6000 kt/year
Crude steel production: n/a
Volume estimate: 6000 kt/year
Employees: 16000
Productivity: 375 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: <1
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: <1
Full acquisition cost $000/employee: 0
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

ISG Acquires Bethlehem Steel (USA)

Thu, 01 May 2003 00:00:00 +0000

[SteelOnTheNet] The Bethlehem board voted Feb. 8 to accept ISG's $1.5 billion offer. The Bethlehem, Pa.-based company filed for bankruptcy protection in October 2001. The final paid consideration was lower — the ISG 10-K (SEC filing, primary source) states $822.6m net cash. [Other sources inconsistent of final price paid].

Topics: Steelmaking M&A | USA

Buyer: ISG
Target: Bethlehem Steel
Target country: USA
Basis: Assets
Stake purchased: n/a
Deal date: May 2003
Acquisition cost: $ 823m
Full acquisition cost (100% basis): $ 823m
Debt basis: Asset purchase
Liabilities assumed: $ 0m
Enterprise value: $ 823m
Revenue: $ 4200m
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: n/a
Crude steel production: 8100 kt/year
Volume estimate: 8100 kt/year
Employees: 8500
Productivity: 953 tonnes/employee
Full acquisition cost / Revenue: 0.2
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: n/a
Full acquisition cost $/t crude: 102
Full acquisition cost $/t volume: 102
Full acquisition cost $000/employee: n/a
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

US Steel Acquires National Steel (USA)

Thu, 01 May 2003 00:00:00 +0000

[SteelOnTheNet] United States Steel Corporation an Asset Purchase Agreement with National Steel Corp. to acquire substantially all of National's steelmaking and finishing assets

Topics: Steelmaking M&A | USA

Buyer: US Steel
Target: National Steel
Target country: USA
Basis: Assets
Stake purchased: n/a
Deal date: May 2003
Acquisition cost: $ 850m
Full acquisition cost (100% basis): $ 850m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 5350 kt/year
Crude steel production: n/a
Volume estimate: 5350 kt/year
Employees: n/a
Productivity: n/a
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 159
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 159
Full acquisition cost $000/employee: n/a
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

LNM Holdings Acquires Nova Hut (Czech Republic)

Sat, 01 Feb 2003 00:00:00 +0000

[SteelOnTheNet] Nova Hut Built at the height of the Cold War in 1951; little major investment since initial construction

Topics: Steelmaking M&A | Czech Republic

Buyer: LNM Holdings
Target: Nova Hut
Target country: Czech Republic
Basis: Equity
Stake purchased: 100%
Deal date: Feb 2003
Acquisition cost: $ 6m
Full acquisition cost (100% basis): $ 6m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 1765 kt/year
Crude steel production: 4000 kt/year
Volume estimate: 2883 kt/year
Employees: 12000
Productivity: 240 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: n/a
Full acquisition cost $/t crude: 2
Full acquisition cost $/t volume: 2
Full acquisition cost $000/employee: 1
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Nucor Acquires Birmingham Steel (USA)

Wed, 01 May 2002 00:00:00 +0000

[SteelOnTheNet] Assets to be included are Birmingham Steel's four operating mills in Birmingham, Ala.; Kankakee, Ill.; Seattle; and Jackson, Miss., with an estimated combined annual capacity of about 2 million tons.

Topics: Steelmaking M&A | USA

Buyer: Nucor
Target: Birmingham Steel
Target country: USA
Basis: Equity
Stake purchased: 100%
Deal date: May 2002
Acquisition cost: $ 615m
Full acquisition cost (100% basis): $ 615m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: $ 933m
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 1814 kt/year
Crude steel production: n/a
Volume estimate: 1814 kt/year
Employees: n/a
Productivity: n/a
Full acquisition cost / Revenue: 0.66
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 339
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 339
Full acquisition cost $000/employee: n/a
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

LNM Holdings Acquires Sidex Galati (Romania)

Sun, 01 Jul 2001 00:00:00 +0000

[SteelOnTheNet] US$ 81 million purchase price for distressed asset

Topics: Steelmaking M&A | Romania

Buyer: LNM Holdings
Target: Sidex Galati
Target country: Romania
Basis: Equity
Stake purchased: 100%
Deal date: Jul 2001
Acquisition cost: $ 81m
Full acquisition cost (100% basis): $ 81m
Debt basis: Unclear
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: $ 800m
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 3000 kt/year
Crude steel production: 10000 kt/year
Volume estimate: 6500 kt/year
Employees: 28000
Productivity: 232 tonnes/employee
Full acquisition cost / Revenue: 0.1
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 27
Full acquisition cost $/t crude: 8
Full acquisition cost $/t volume: 12
Full acquisition cost $000/employee: 3
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

US Steel Acquires VSZ Kosice (Slovakia)

Wed, 01 Nov 2000 00:00:00 +0000

[SteelOnTheNet] Acquisition of VSZ Kosice in Eastern Slovakia for US$450 million marked the conclusion of two years of negotiations with creditors and shareholders

Topics: Steelmaking M&A | Slovakia

Buyer: US Steel
Target: VSZ Kosice
Target country: Slovakia
Basis: Equity
Stake purchased: 100%
Deal date: Nov 2000
Acquisition cost: $ 450m
Full acquisition cost (100% basis): $ 450m
Debt basis: Unclear
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 3327 kt/year
Crude steel production: 4500 kt/year
Volume estimate: 3914 kt/year
Employees: 10500
Productivity: 373 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 135
Full acquisition cost $/t crude: 100
Full acquisition cost $/t volume: 115
Full acquisition cost $000/employee: 43
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Ispat International NV Acquires Inland Steel (USA)

Sun, 01 Mar 1998 00:00:00 +0000

[SteelOnTheNet] The acquisition would give Ispat's mills in Canada, Mexico and Trinidad greater access to the United States. Purchased for $888.2 million for equity plus further $538.6 million in assumed debt

Topics: Steelmaking M&A | USA

Buyer: Ispat International NV
Target: Inland Steel
Target country: USA
Basis: Equity
Stake purchased: 100%
Deal date: Mar 1998
Acquisition cost: $ 888m
Full acquisition cost (100% basis): $ 888m
Debt basis: Incl liabilities
Liabilities assumed: $ 538.6m
Enterprise value: $ 1426.6m
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 4820 kt/year
Crude steel production: n/a
Volume estimate: 4820 kt/year
Employees: 9750
Productivity: 494 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 184
Full acquisition cost $/t crude: n/a
Full acquisition cost $/t volume: 184
Full acquisition cost $000/employee: 91
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Krupp-Hoesch Acquires Thyssen AG (Germany)

Sat, 01 Mar 1997 00:00:00 +0000

[SteelOnTheNet] Hostile bid - withdrawn following massive worker protests and Thyssen management resistance. Merger of the two companies would have created a conglomerate with $38 billion in sales and a work force of 183,000.

Topics: Steelmaking M&A | Germany

Buyer: Krupp-Hoesch
Target: Thyssen AG
Target country: Germany
Basis: Equity
Stake purchased: 100%
Deal date: Mar 1997
Acquisition cost: $ 8100m
Full acquisition cost (100% basis): $ 8100m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: 17900 kt/year
Crude steel production: 18100 kt/year
Volume estimate: 18000 kt/year
Employees: 176000
Productivity: 102 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: 453
Full acquisition cost $/t crude: 448
Full acquisition cost $/t volume: 450
Full acquisition cost $000/employee: 46
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.

Ispat International NV Acquires Karmet (Kazakhstan)

Fri, 01 Dec 1995 00:00:00 +0000

[SteelOnTheNet] Karmet (now Qarmet) in Temirtau, Kazakhstan was formerly known as the Karaganda Steel Works.

Topics: Steelmaking M&A | Kazakhstan

Buyer: Ispat International NV
Target: Karmet
Target country: Kazakhstan
Basis: Equity
Stake purchased: 100%
Deal date: Dec 1995
Acquisition cost: $ 300m
Full acquisition cost (100% basis): $ 300m
Debt basis: Equity only
Liabilities assumed: n/a
Enterprise value: n/a
Revenue: n/a
EBITDA: n/a
EBIT: n/a
PBT: n/a
Sales tonnage: n/a
Crude steel production: 6000 kt/year
Volume estimate: 6000 kt/year
Employees: 85000
Productivity: 71 tonnes/employee
Full acquisition cost / Revenue: n/a
Full acquisition cost / EBITDA: n/a
Full acquisition cost $/t sales: n/a
Full acquisition cost $/t crude: 50
Full acquisition cost $/t volume: 50
Full acquisition cost $000/employee: 4
Note: all tonnages are metric. Revenue, EBITDA, EBIT and PBT reflect the target's most recently reported historic actual figures (LTM or latest completed fiscal year) at the time of the deal, not forward projections. Acquisition cost refers to equity value (or, for distressed/insolvency deals, disclosed transaction consideration) unless otherwise stated.