Forging ahead: Fourth-quarter 2014 metals industry mergers and acquisitions analysis

February 2015
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Forging ahead: Fourth-quarter 2014 metals industry mergers and acquisitions analysis

At a glance

The metals sector recorded a significant increase in M&A activity during Q4, but 2014 saw a decline in deal value compared to 2013.

Explore the data

Explore the data

Forging ahead is a quarterly analysis of global merger and acquisition (M&A) activity in the metals industry. It includes a review of overall deal activity for the quarter and year-to-date and a summary of large deals.

Highlights of what this quarter's analysis revealed:

  • Despite a stronger fourth quarter, the year overall saw a decline of more than 26 percent in deal value compared to 2013.
  • We saw an increase in deals by financial investors in 2014, driven by strong activity in the fourth quarter. If this activity continues, we may see an improvement in deal activity.
  • Deal activity continues to be driven by activity in Asia and Oceania, and China's consolidation efforts played a large part in this.
  • Deal volume in emerging and developing economies grew as a proportion of activity in 2014, to 58 percent.
  • While excess capacity remains a concern, particularly in the steel segment, steel pricing improved in 2014 and is expected to continue to increase in 2015.

Download the analysis to review all the key trends from 4Q14.

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