Author Archives: Alex Behrens

M&A activity in global metal firms dropped 10% by volume compared to 2018, but the value of all deals declined by a third driven by fewer “megadeals” — transactions with disclosed values greater than $5 billion — compared to the previous year, according to PwC’s Global Metal Deal Insights report for 2019.

Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today!

The PwC report cited weakness in the automotive sector and U.S manufacturing overall for playing a part in layoffs at U.S. Steel and a 64% falloff in 2019 deal activity in the steel sub-sector compared to the previous year, even when including the $1.1 billion acquisition of AK Steel by Cleveland Cliffs in Q4.

Read more