Finnish stainless steel maker Outokumpu Oyj has signed an agreement to divest the majority of its Long Products business to Italy’s Marcegaglia Steel Group for 228 million euros ($228.73 million), the company...
Tenaris to buy U.S. steel pipe producer for $460 million
Tenaris SA said it would acquire U.S. seamless steel pipe producer Benteler Steel & Tube Manufacturing Corp for $460 million as the Luxembourg-based company seeks to expand its manufacturing capabilities in the...
Tata Steel completes Rs 12,100 cr acquisition of NINL via step-down arm
Tata Steel said that it has completed the acquisition of 93.71 per cent in Neelachal Ispat Nigam Limited (NINL) through its listed step-down subsidiary, Tata Steel Long Products (TSLP). On January 31, TSLP was declared...
NMDC shareholders, creditors approve Nagarnar Steel Plant demerger: CMD
The shareholders and creditors of NMDC have approved the demerger of the company’s under-construction Nagarnar Steel Plant (NSP), its Chairman and Managing Director Sumit Deb said. The demerger of NSP from NMDC is...
Thyssenkrupp, Tata lose fight against EU veto of joint venture
Thyssenkrupp and Tata Steel have lost their fight against a European Union antitrust veto of their proposed landmark joint venture, after Europe’s second-highest court rejected their arguments. The two companies...
Neelachal Ispat acquisition crucial for Tata Steel growth path: Official
Describing winning the bid for acquiring a majority stake in Odisha-based Neelachal Ispat Nigam Ltd (NINL) as “crucial” for the company’s growth trajectory, Tata Steel said it provides enablers to go...
NMDC shareholders, creditors to discuss Nagarnar Steel Plant demerger on Tuesday
Steel Ministry will convene a meeting of shareholders and creditors of state-owned NMDC on Tuesday to expedite the process of demerging the company under construction Nagarnar Steel Plant (NSP). The Centre is aiming to...
Acerinox’s board ends merger talks with Aperam
The board of Spanish steel maker Acerinox announced on Monday that it was walking away from preliminary talks with Dutch rival Aperam for a potential tie-up that would have created a European stainless steel giant...
JSW Steel to merge Jindal Ispat Steel, holding company with itself
JSW Steel on Friday said that it will be merging its subsidiaries JSW Ispat Special Products (JISPL) Limited and Creixent Special Steels Limited (CSSL) with and into itself to leverage synergies between the companies...
Govt extends deadline for FSNL strategic sale
The department of investment and public asset management (DIPAM) has extended the last date for submission of bids for strategic disinvestment of Ferro Scrap Nigam Ltd., a 100% subsidiary of MSTC Ltd., under the...
CCI approves OFB Tech’s acquisition of majority stake in SMW Ispat
The Competition Commission of India (CCI) has approved acquisition of majority stake in SMW Ispat Private Limited by OFB Tech Private Limited. The proposed combination envisages acquisition of majority stake in SMW...
Tata Steel Acquires 1.30 Cr Ocrps Of Associate Firm Trf
Tata Steel on Saturday announced the acquisition of 1.30 crore optionally convertible redeemable preference shares (OCRPS) having a face value of ₹10 each of associate firm, TRF. The transaction aggregates to ₹13 crore...
