ArcelorMittal

ArcelorMittal is a global steel and mining company, specializing in the production of steel and iron ore. It operates through segments such as North America, Brazil, Europe, and Mining, with the majority of its revenue generated from the Europe segment. The company's product portfolio includes hot-rolled and cold-rolled coil, coated products, tinplate, plate, slab, long products, tubular products, and wire rods, serving diverse industries like automotive, construction, packaging, and household appliances. ArcelorMittal is committed to developing technologies to reduce the carbon footprint of steel, aiming to be carbon neutral by 2050.

Irina Garbounova

Vice President M&A

Past deals in Steel

Utility Global

Series C in 2024
Utility Global, Inc. is a technology company based in Provo, Utah, founded in 2018. It specializes in the design and development of innovative solutions for manufacturing, sensing, control, and nanotechnology, with a focus on its proprietary gas production technology known as eXERO™. This technology features a unique reactor that converts variable industrial process gases into high-purity hydrogen and a concentrated CO2 stream, facilitating on-site carbon capture without requiring electricity. The hydrogen produced can be utilized as a replacement for coke in steelmaking, while the high purity of the CO2 stream simplifies and reduces the costs associated with carbon capture. Through its advancements, Utility Global aims to contribute to a low-carbon future and support the decarbonization of the steel industry.

Vallourec

Post in 2024
Vallourec is a leading provider of premium tubular solutions, primarily catering to the energy sector and demanding industrial applications, including oil and gas wells, power plants, architectural projects, and high-performance mechanical equipment. With over 50 years of experience, the company has established itself as a significant player in the seamless precision steel tube market, holding a substantial market share in Europe. Vallourec's operations are organized into several business segments, including Seamless Tubes, Specialty Products, and various holding companies. The company's diverse product portfolio features a wide range of seamless tubes, specialty tubes, and related connections and accessories. Vallourec serves a broad geographic market, with its primary revenue sources stemming from North America, while also maintaining a presence in Europe, South America, Asia, and other regions.

Boston Metal

Series C in 2023
Boston Metal, founded in 2012 as a spinout from MIT, is a metallurgy company headquartered in Woburn, MA. It specializes in developing technology to reduce the carbon footprint of steel production through its Molten Oxide Electrolysis (MOE) process. This industrial-scale solution enables efficient, lower-cost, and greener production of various metals and alloys from diverse feedstocks. Boston Metal has significantly scaled its technology and produced substantial quantities of metal since its inception.

Companhia Siderúrgica do Pecém

Acquisition in 2022
Companhia Siderúrgica do Pecém is an industrial company based in Brazil that specializes in the production and export of steel slabs. It operates as a bi-national joint venture, with a 50% stake held by Brazilian mining giant Vale S.A., a 30% stake by South Korean Dongkuk Steel, and a 20% stake by Posco, one of the largest steelmakers globally. The company plays a significant role in the steel industry by leveraging its partnerships to enhance production capabilities and serve international markets.

ILVA S.p.A.

Acquisition in 2018
ILVA S.p.A. produces and distributes iron and steel products.

Thyssenkrupp Steel USA

Acquisition in 2013
Thyssenkrupp Steel USA, LLC manufactures fabricated structural metal, steel, other metal products for structural purposes.

Baffinland Iron Mines

Acquisition in 2011
Baffinland Iron Mines Corporation is engaged in the exploration and development of iron ore projects in the Qikiqtani Region of Nunavut, Canada, specifically on Baffin Island. Founded in 1986 and headquartered in Oakville, Ontario, the company operates the Mary River property, which comprises nine high-grade iron ore deposits located at approximately 72 degrees north by 79 degrees west. Baffinland Iron Mines has additional offices in several communities across Nunavut, including Iqaluit, Arctic Bay, Clyde River, Hall Beach, Igloolik, and Pond Inlet. As of February 2011, it functions as a subsidiary of Nunavut Iron Ore Inc.

Dubai Steel Trading Company

Acquisition in 2009
Dubai Steel Trading Company, LLC distributes finished steel products to the construction market.

Galvex OÜ

Acquisition in 2008
Galvex OÜ owns and operates steel galvanizing plant at the Muugu Port in Tallinn, Estonia. It engages in the production of corrosion resistant and zinc coated sheet steel in commercial and structural grades that are used in the building industry.

Eisen Wagner

Acquisition in 2008
Eisen Wagner is a privately held company that distributes steel and steel products. Eisen Wagners is a specialist for home, craft, and industry.

Cinter S.A.

Acquisition in 2007
Cinter S.A. produces carbon and aluminized carbon steel products, and tubes for the automotive industry. The company offers various tubes, such as square, rectangular and ovoid sections, coils, steel strips, and flat sheets.

M.T. Majdalani Y Cia. S.A.

Acquisition in 2007
M.T. Majdalani Y Cia. S.A. manufactures stainless steel sheets in Argentina. Its products include plates coils straps, pipes and tubes, steel flats, steel angles, electrodes, bars, sanitary pipeline fittings, valves, and flanges.

NSD

Acquisition in 2007
NSD Limited, a leading steel distribution company specialising in sales of heavy sections and tubes based in Scunthorpe, North Lincolnshire, UK, in order to increase its commercial presence in the UK market.

Sicartsa

Acquisition in 2006
Sicartsa is a fully integrated producer of long steel, with an annual production capacity of approximately 2.7 million tonnes from its facilities in Mexico and Texas, USA. Through its wholly owned mine, linked directly to the plant via a slurry pipeline, Sicartsa has estimated iron ore reserves of 160 million tonnes, providing 30 years of reserves at current production rates.

Ispat Inland

Acquisition in 2005
Ispat Inland Inc. produces and distributes steel and related products in the United States. Its Flat Products division manages the company's iron ore and iron making operations, conducts its ironmaking operations, and produces its raw steel.

Ispat Unimetal S.A.

Acquisition in 1999
Ispat Unimetal S.A. manufactures and markets steel products. Its products includes long / wire rod, and bars.
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