Trasteel Holding S.A.

European antitrust authorities approved Trasteel's acquisition of Liberty Magona's coated steel plant in Piombino, Italy. An agreement covers the transfer of all 371 employees to Trasteel Magona Srl effective October 1, 2026.

Swiss-based Trasteel Holding and UAE-based Al Qalaa International Group have formed a 50:50 joint venture named QTrasteel to expand steel trading, project development, industrial services, and advisory activities across the Middle East and North Africa.

On May 15, 2026, Trasteel announced the establishment of QTrasteel, a 50-50 joint venture with Al Qalaa International Group focused on expanding market access in the MENA region.

Trasteel Holding S.A. and Al Qalaa International Group announced the formation of QTrasteel, a 50-50 joint venture to pursue trading, project development, industrial services and advisory activities across the Middle East and North Africa region.

Trasteel Holding S.A., a European steel trading and processing company, has agreed to a business combination with Sizzle Acquisition Corp. II to form a new public holding company listed on Nasdaq under the symbol TSTL. Closing is expected by end of 2026.