Latest Developments in Global Steel Processing Market

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Latest Developments in Global Steel Processing Market

  • Chemical and Materials
  • Sep 2024
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

  • In December 2023, China Baowu signed investment agreements with the Shandong provincial government to take over state-owned Shandong Iron and Steel Group Co Ltd. Under the agreement, China Baowu will hold a 49% stake in Shandong Iron and Steel, while Bashan Iron and Steel Co Ltd, a core enterprise of China Baowu, will hold a 48.61% stake in SD Steel RI Zhao Co Ltd
  • In June 2022, Tata Steel completed the acquisition of 93.71% of Neelachal Ispat Nigam Limited (NINL) through its listed step-down subsidiary, Tata Steel Long Products (TSLP), for a consideration of USD1.5 billion. This acquisition marked Tata Steel's entry into the Odisha-based Neelachal Ispat Nigam Ltd, which is owned by central and state public sector undertakings
  • In May 2022, NSK Ltd, a leading manufacturer of linear technology, bearings, and steering systems, and ThyssenKrupp AG announced an agreement to create the way for a joint venture between NSK Steering and ThyssenKrupp Automation
  • In April 2021, Tata Steel made several other strategic moves, including the acquisition of NatSteel for USD486.4 million, and the amalgamation of Bamnipal Steel Ltd. and Tata Steel BSL 
  • In May 2022, NSK Ltd, a leading manufacturer of linear technology, bearings, and steering systems, and Thyssenkrupp AG announced an agreement to pave the way for a joint venture between NSK Steering and Thyssenkrupp Automation
  • In January 2022, Solace Nutrition, a U.S.-based medical nutrition company, acquired the assets of R-Kane Nutritionals for an undisclosed amount. This acquisition allows Solace Nutrition to create synergy between the two brands, drive growth, and strengthen its position in an adjacent nutrition sector