SSAB walks away from prospective IJmuiden acquisition

Swedish steelmaker SSAB has ended discussions with India’s Tata Steel over potential acquisition of IJmuiden plant, or Tata Steel Netherlands, the Stockholm-headquartered group stated Jan. 29. “After deeper analysis and discussions, it became clear that there were limited possibilities to integrate IJmuiden into the SSAB strategic framework,” SSAB said in a statement. “Discussions with Tata…

The post SSAB walks away from prospective IJmuiden acquisition appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Swedish steelmaker SSAB has ended discussions with India’s Tata Steel over potential acquisition of IJmuiden plant, or Tata Steel Netherlands, the Stockholm-headquartered group stated Jan. 29. “After deeper analysis and discussions, it became clear that there were limited possibilities to integrate IJmuiden into the SSAB strategic framework,” SSAB said in a statement. “Discussions with Tata...

The post SSAB walks away from prospective IJmuiden acquisition appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Germany’s ThyssenKrupp mulls steel division spinoff

German steelmaker ThyssenKrupp must be desperate to get rid of its steel business. The steelmaker makes a great range of products of world-class quality. The brand has undeniable strength as a result. However, it has not and cannot make money from it. ThyssenKrupp steel division posts losses The ThyssenKrupp steel division lost money last year….

The post Germany’s ThyssenKrupp mulls steel division spinoff appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

German steelmaker ThyssenKrupp must be desperate to get rid of its steel business. The steelmaker makes a great range of products of world-class quality. The brand has undeniable strength as a result. However, it has not and cannot make money from it. ThyssenKrupp steel division posts losses The ThyssenKrupp steel division lost money last year....

The post Germany’s ThyssenKrupp mulls steel division spinoff appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

SSAB eyeing IJmuiden for potential acquisition from Tata

As we noted yesterday, flats and specialty steels producer SSAB is in talks with Tata Steel over potential acquisition of the Indian group’s IJmuiden integrated plant in the Netherlands, the Swedish group confirmed. “SSAB has participated in several different discussions concerning consolidations in the European steel industry. The discussions with Tata are on-going but no…

The post SSAB eyeing IJmuiden for potential acquisition from Tata appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

As we noted yesterday, flats and specialty steels producer SSAB is in talks with Tata Steel over potential acquisition of the Indian group’s IJmuiden integrated plant in the Netherlands, the Swedish group confirmed. “SSAB has participated in several different discussions concerning consolidations in the European steel industry. The discussions with Tata are on-going but no...

The post SSAB eyeing IJmuiden for potential acquisition from Tata appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Tata Steel looks to split up European units to find buyers

Tata Steel has been having a pretty horrid time trying to get rid of its loss-making European steel business. Last year, the European Commission rejected a potential merger with ThyssenKrupp’s equally struggling steel business on competition grounds. The combination of two such significant European steelmakers would give them undue dominance in the European market, the…

The post Tata Steel looks to split up European units to find buyers appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Tata Steel has been having a pretty horrid time trying to get rid of its loss-making European steel business. Last year, the European Commission rejected a potential merger with ThyssenKrupp’s equally struggling steel business on competition grounds. The combination of two such significant European steelmakers would give them undue dominance in the European market, the...

The post Tata Steel looks to split up European units to find buyers appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.