Cleveland-Cliffs Completes Acquisition of Stelco Holdings

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.

Worthington Steel to Acquire Kloeckner & Co in $2.4 Billion Cash Deal

January 15, 2026

Industrial Services

Worthington Steel entered into a Business Combination Agreement to acquire Germany-listed metals service center and metal processing company Kloeckner & Co for €11 per share in an all-cash voluntary tender offer. The deal is expected to be completed in the second half of 2026 and create a more diversified, larger-scale metals processing platform with an estimated $150 million in annual synergies.

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.

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.

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.