Industry News

Acerinox gets all approvals for acquisition of Haynes in US, expecting to close this deal by end-November

Views : 74
Update time : 2024-11-25 15:16:33
The Austrian competition authorities have approved the purchase of Haynes International by the largest Spanish stainless steelmaker Acerinox.

With this approval, Acerinox meets the conditions of this acquisition, since the US authority gave the green light in July of this year, while the UK authority authorized the purchase in September.

The Spanish company expects to close the deal before the end of November. This acquisition strengthens Acerinox's presence in the high-performance alloys business, adding three factories in the US market.
Related News
Read More >>
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Apr .25.2025
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Nickel Price Update: Q1 2025 in Review Nickel Price Update: Q1 2025 in Review
Apr .25.2025
Nickel Price Update: Q1 2025 in Review
Higher steel prices benefiting Region steel mills Higher steel prices benefiting Region steel mills
Apr .25.2025
Higher steel prices benefiting Region steel mills
Vale's net profit drops 17% on lower iron ore prices Vale's net profit drops 17% on lower iron ore prices
Apr .25.2025
Vale's net profit drops 17% on lower iron ore prices