Cleveland-Cliffs Completes Acquisition of Stelco Holdings

Sterling Metals Completes Acquisition of QcX Gold Corp.

August 31, 2026

Industrial Services

Sterling Metals Corp. completed its acquisition of QcX Gold Corp. via a court-approved plan of arrangement. As a result, QcX shareholders received Sterling shares based on an exchange ratio, and QcX is expected to be delisted from the TSX Venture Exchange.

Nippon Steel Acquires U. S. Steel for $14.9 Billion with US ‘Golden Share’

June 18, 2025

Industrial Services

Nippon Steel Corporation agreed to acquire U. S. Steel in an all-cash transaction for $55.00 per share, valuing the enterprise at about $14.9 billion. The deal closed after U.S. national security requirements led to a National Security Agreement and issuance of a Golden Share granting the U.S. government enhanced consent/veto rights over certain major actions.

Mill Steel Co. Acquires Cleveland Metal Exchange and Chicago Stainless Metal Exchange

January 17, 2023

Industrial Services

Mill Steel Co. has acquired Cleveland Metal Exchange (CME) and Chicago Stainless Metal Exchange to expand into the stainless steel and aluminum flat-rolled markets. The acquisitions bring CME's experienced team into Mill Steel and enable immediate supply and processing support for manufacturing, automotive, and construction customers across the U.S.; transaction financial terms were not disclosed.

Steel Partners to Acquire Remaining Stake in Steel Connect

June 13, 2022

Transportation

Steel Partners Holdings will acquire the remaining common stock of Steel Connect, making Steel Connect a wholly owned subsidiary. The consideration is $1.35 per share in cash plus a contingent value right (CVR) tied to net proceeds exceeding $80 million if Steel Connect’s ModusLink subsidiary is sold within two years after closing.

Cleveland-Cliffs to Acquire Ferrous Processing and Trading Company (FPT)

October 11, 2021

Industrial Services

Cleveland-Cliffs Inc. has entered into a definitive agreement to acquire Ferrous Processing and Trading Company (FPT) and related entities for an enterprise value of approximately $775 million on a cash-free, debt-free basis. The deal is expected to close in the fourth quarter of 2021, subject to regulatory approval and customary closing conditions. The acquisition expands Cleveland-Cliffs’ access to prime ferrous scrap and supports its planned recycling/prime scrap strategy alongside its flat-rolled steel business.

Canada Cartage Acquires Stalco Inc.

January 11, 2021

Logistics & Distribution

Canada Cartage has acquired Stalco Inc., a Toronto-based third-party logistics provider specializing in e-commerce fulfillment, inventory management, and cross-border shipping. Stalco will operate under its existing brand and be integrated with Canada Cartage’s fulfillment and distribution division (CCLS), with existing staff and management remaining in place.