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U.S. STEEL acquires Stelco.(FERROUS)
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Recycling Today
- Article date:
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November 1, 2007
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Copyright informationCOPYRIGHT 2007 G.I.E. Media, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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United States Steel Corp., Pittsburgh, has entered into an agreement to acquire Stelco Inc., a steelmaker based in Canada, for around $1.1 billion. Shareholders owning more than 76 percent of the shares in Stelco have entered agreements supporting the acquisition by U.S. Steel.
U. S. Steel says it expects the Stelco deal to strengthen its position as a supplier of flat-rolled steel products to the North American market.
In addition to integrated steel plants in North ...
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U.S. Steel Obtains Investment Canada Act Clearance for Its Acquisition of...
PR Newswire;
October 29, 2007 ;
305 words
......United States Steel Corporation announced...approval of its acquisition of Stelco Inc...satisfied that U. S. Steel's acquisition of Stelco will...to Canada. U. S. Steel brings the financial...to complete the acquisition of Stelco have...information about U. S. Steel, visit ...
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Ryerson Tull, Inc. Completes Acquisition of J&F Steel.
PR Newswire;
August 2, 2004 ;
490 words
......announced the completion on July 30, 2004 of the acquisition of J&F Steel from Arbed Americas, LLC, a subsidiary of Arcelor...overall cost structure. Financially, we expect the acquisition to be additive to earnings, following any integration...
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Severstal sets sights on US steel acquisition.
Sunday Business (London);
October 12, 2006 ;
319 words
...Byline: Richard Orange Oct. 12--Russian steel giant Severstal has put a North American steel company at the top of a 20-strong list of acquisition targets after the company's London flotation...technologically advanced automotive steel production, most of which has already been absorbed into ...
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SLOVAKIA: $60,000,000 ACQUISITION OF STEEL COMPLEX LEADS TO TENTATIVE...
WWP-Report on Engineering Construct & Plant Operations in the Developing World;
June 1, 2000 ;
787 words
...PROJECT OVERVIEW U.S.-based US STEEL, a subsidiary of USX CORP., recently invested $60,000,000 to acquire the steel making and realated assets of the local VSZ KOSICE A.S...the manufacture of fabricated metal products, iron and steel. The plant has an installed production capacity of 4 million...expected to ...
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U. S. Steel Receives Antitrust Clearance for Proposed National Steel...
PR Newswire;
March 31, 2003 ;
194 words
......Antitrust Division advised United States Steel Corporation today that its investigation related to U. S. Steel's proposed acquisition of substantially all of National Steel Corporation's assets has been closed. This notification clears the way for U. S. Steel to pursue the National ...
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Completed acquisition by Arcelor SA of Corus UK limited's UK hot-rolled...
M2 Presswire;
October 28, 2004 ;
677 words
......Government: Completed acquisition by Arcelor SA of...limited's UK hot-rolled steel sheet piling business...inquiry into the acquisition by Arcelor SA of the UK hot rolled steel sheet piling business...Group plc. The acquisition was referred to...a result of the acquisition, there ...
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Olympic Steel, Inc. Completes Acquisition of Tinsley Group - PS&W, Inc.
PR Newswire;
June 5, 2006 ;
560 words
......purchase price for the acquisition of the stock of PS&...Founded in 1954, Olympic Steel is a leading U.S. steel...of PS&W after the acquisition; the possibility that...difficulties related to this acquisition will be greater than expected...that benefits from the acquisition ...
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Middletown, Ohio, steel maker could be next acquisition.
Middletown Journal (Middletown, OH);
October 27, 2004 ;
769 words
......possibility of U.S. Steel Corp. looking at AK as an acquisition target in the new...Armstrong said U.S. Steel will explore acquisitions that company leaders...continue to look at acquisitions both domestically...Last year, U.S. Steel beat AK in a bidding...
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Quaker Chemical Announces Acquisition of Steel Chemicals Product Lines.
PR Newswire;
May 27, 2003 ;
299 words
......announced it has completed the acquisition of a range of cleaners, wet...other products used in the steel industry from KS Chemie of...This may be a very small acquisition, but Quaker gains proven...accepted by major European steel producers. We now have a...profitability impact from the ...
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Brazilian steel maker Gerdau announces acquisition in Mexico
Xinhua News Agency;
March 29, 2007 ;
211 words
...Brazilian steel maker Gerdau announces acquisition in Mexico RIO DE...Xinhua) -- Brazilian steel group Gerdau announced...has acquired a steel plant in Mexico...needed for the acquisition with its own cash-fl...said. After the acquisition, Gerdau will get...350,000 tons of steel ...
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Quanex Closes the North Star Steel - Monroe Acquisition; Acquisition...
PR Newswire;
January 1, 2004 ;
448 words
......closing of the asset purchase of the Monroe, Michigan steel mill of North Star Steel, a subsidiary of Cargill, Incorporated, for $115 million in cash. The Company financed the acquisition by borrowing against its $310 million revolving credit...over 500,000 tons of special bar quality and engineered ...
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Murray snaps up fresh steel acquisition in GBP 25m deal
The Scotsman;
February 6, 2007 ;
Scott Reid Deputy Business Editor;
414 words
......Somerset- based steel business which...100 people. The acquisition of Newton Steel Stock comes hot...between Mittal Steel and Arcelor, and...through a string of acquisitions. Murray Metals...on yesterday's acquisition, David Lawson...said: "Newton Steel Stock is a ...
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Surging Olympic Steel looks to strengthen itself via acquisition.(News)
Crain's Cleveland Business;
December 13, 2004 ;
Bennett, David;
605 words
......the operator of steel service centers...expects to make an acquisition in the next two...cycle'' of high steel prices, he said. Mr. Marabito said any acquisition likely will happen...America. Olympic Steel last made an acquisition in 1998. John Anton, steel analyst for ...
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ZFAX ANNOUNCES ACQUISITION OF STEEL FACILITY AND PATENTED PRODUCT;...
PR Newswire;
August 28, 1995 ;
256 words
......exchanged contracts for the acquisition of the Aberneath steel facility in Wales U.K. and...NUOVINOX. The value of the acquisition is approximately $9 million...and most modern stainless steel rolling mills in Europe...s shortage of stainless steel and the company's letters...company ...
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AK Steel Subsidiary Completes Acquisition of Central Tubing Facility;...
PR Newswire;
August 18, 2003 ;
325 words
...AK Steel said today that...has completed the acquisition of Central Tubing...not disclosed. AK Steel said it expects the acquisition to be immediately accretive. The acquisition of CTF continues...chairman and CEO of AK Steel. AK Tube has an...
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