Trasteel is pursuing acquisitions of undervalued steel processing companies ahead of its Nasdaq listing. The company targets businesses facing succession issues, working capital challenges or partner disputes. Trasteel reported $1.8 billion in revenue for 2025 with approximately $60 million in EBITDA. The company is merging with Sizzle Acquisition Corp. II through a $1.3 billion business combination. The transaction remains on track to close before year-end.