A JSW Steel joint venture with Japan’s JFE Steel Corp will fully acquire Thyssenkrupp Electrical Steel (TKES) India for ₹4,051.40 crore. The 50:50 joint venture between the two steelmakers is also looking at...
Jindal Group in talks to acquire Czech-based Vitkovice Steel for 150 mn euros
To strengthen its global presence, homegrown Jindal Group is talks with Vitkovice Steel to acquire 100 per cent stake in the Czech-based company. The group is expected to complete the acquisition by the end of this...
Nippon Steel to sell Calvert JV to ArcelorMittal if U.S. Steel deal completed
Nippon Steel said on Friday it will sell its entire 50% stake in a joint-venture steel plant it has in Calvert, Alabama, with ArcelorMittal, if the top Japanese steelmaker succeeds in a buyout bid for United States...
Russian steel magnate to buy food producer for around $745 mln, RBC cites sources
A company owned by Russian billionaire Vladimir Lisin is set to acquire Progress, one of the country’s largest baby food producers, for about 70 billion roubles ($745 million), the RBC daily reported, citing...
Biden still opposes Nippon Steel deal’s bid for U.S. Steel
U.S. President Joe Biden said on Friday his opposition to Nippon Steel’s $14.9 billion bid for U.S. Steel hadn’t changed despite a decision by his administration to extend a national security review of the...
Steel ministry pushes for merger of debt-hit RINL with SAIL
The steel ministry is “actively working” towards the merger of Rashtriya Ispat Nigam (RINL) with Steel Authority of India Ltd (SAIL), said a senior government official, a development that comes in the...
U.S. Steel’s proposed $14.9 billion merger with Nippon Steel
The White House is set to announce that President Joe Biden will block Nippon Steel’s $14.9 billion bid for the U.S. Steel citing national security concerns, two sources familiar with the situation told Reuters...
Nippon Steel, US Steel send letter to Biden on merger plans
Nippon Steel and U.S. Steel sent a letter on Sunday to U.S. President Joe Biden about their planned $15 billion merger after media reported that he was preparing to block the deal, a spokesperson for the Japanese...
U.S. Steel’s proposed $14.9 billion merger with Nippon Steel
The White House is set to announce that President Joe Biden will block Nippon Steel’s $14.9 billion bid for the U.S. Steel citing national security concerns, two sources familiar with the situation told Reuters...
President Biden close to blocking Nippon Steel’s acquisition of US Steel
The White House is close to announcing President Joe Biden will block Nippon Steel’s acquisition of US Steel citing national security concerns, two sources familiar with the situation said on Wednesday, amid...
JSW Steel to buy 66.67% in Australian coking coal miner for $170 million
JSW Steel will acquire the controlling stake in an Australian miner for $170 million as India’s largest steelmaker seeks to secure the supply of coking coal—a key raw material that is scarce in India—to meet its...
Thyssenkrupp to Sell Site Stake in Tussle Over Steel Future
Thyssenkrupp AG’s steel unit plans to sell a stake in an industrial site in Germany after a supervisory board meeting ended without agreement on a broader restructuring of the ailing division. As part of a push to lower...
