M&A Deal Summary

ArcelorMittal and Nippon Steel Acquire Essar Steel India

On March 2, 2018, ArcelorMittal and Nippon Steel acquired metals/mining company Essar Steel India

Acquisition Highlights
  • This is ArcelorMittal’s 11th and Nippon Steel’s 2nd transaction in the Metals/Mining sector.
  • This is ArcelorMittal’s 1st and Nippon Steel’s 1st transaction in India.

M&A Deal Summary

Date 2018-03-02
Target Essar Steel India
Sector Metals/Mining
Buyer(s) ArcelorMittal
Nippon Steel
Deal Type Joint Venture

Target

Essar Steel India

Mumbai, India
Essar Steel is a fully-integrated steel manufacturer committed to growth and innovation, with a global footprint that stretches across steel markets in India, the Middle East and Africa. Essar Steel India is an integrated steel producer with an annual production capacity of 10 million tonnes. Essar Steel’s manufacturing facility comprises ore beneficiation, pellet making, iron making, steel making, and downstream facilities including cold rolling mill, galvanising, pre-coated facility, steel processing facility, extra wide plate mill and a pipe mill. The steel plant located at Hazira has modern infrastructure like a power plant and a port that can handle 30 million tonne cargo annually.

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Buyer(S) 2

Buyer

ArcelorMittal

Luxembourg, Luxembourg

Category Company
Founded 1976
Sector Metals/Mining
Employees125,416
Revenue 62.4B USD (2024)
DESCRIPTION

ArcelorMittal is a provider of steel producer and mining company. Guided by a philosophy to produce safe, sustainable steel, it is the supplier of quality steel products in all major markets including automotive, construction, household appliances and packaging. ArcelorMittal was incorporated in 1976 and is based in Luxembourg City.


DEAL STATS #
Overall 16 of 20
Sector: Metals/Mining M&A 11 of 14
Type: Joint Venture M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2018 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-24 ArcelorMittal - Long Carbon Steel Mills

United States

ArcelorMittal - Long Carbon Steel Mills is a producer of steelmaking and finishing operations focused on the production and sale of long carbon steel products in North America.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-07 ILVA

Milano, Italy

ILVA S.P.A. produces and distributes iron and steel products. It offers longitudinal welded pipes, electrolytic tinplate and chromium coated steel, hot rolled, pickled coils and strips, cold rolled coils, electro galvanized coils, hot dip galvanized and aluminium silicon coils, quarto plates, and cold formed hollow sections.

Buy -
Buyer

Nippon Steel

Tokyo, Japan

Category Company
Founded 1950
Sector Metals/Mining
Employees113,845
Revenue 8.70T JPY (2025)
DESCRIPTION
Nippon Steel's corporate headquarters in Tokyo, Japan.
Nippon Steel's corporate headquarters in Tokyo, Japan.

Nippon Steel is a steel manufacturing company. The Company's operations encompass a wide range of activities, including steelmaking, rolling, and processing, catering to diverse industries such as automotive, construction, machinery, and shipbuilding. Nippon Steel was founded in 1950 and is based in Tokyo, Japan.


DEAL STATS #
Overall 2 of 5
Sector: Metals/Mining M&A 2 of 4
Type: Joint Venture M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2018 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-29 ThyssenKrupp Steel USA

Calvert, Alabama, United States

ThyssenKrupp Steel USA is a steel processing plant with a total capacity of 5.3 million tonnes including hot rolling, cold rolling, coating and finishing lines.

Buy $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-15 Ovako

Stockholm, Sweden

Ovako is a Nordic manufacturer of speciality long steel products. It was created in 2005 through the merger of three Nordic steel companies, Fundia, Ovako Steel and Imatra Steel. Ovako manufactures products such as hot rolled round bars, seamless tubes and forged rings for the heavy vehicle, mechanical engineering, metal and other industries.

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