Cleveland-Cliffs Rides Major Acquisitions Into 2021
Industry Segment: Metals & Minerals | Word Count: 724 Words
Attachment: cleveland-cliffs
SUGAR LAND March 09, 2021 Researched by Industrial Info Resources (Sugar Land, Texas) Cleveland-Cliffs Incorporated (NYSE:CLF) (Cleveland, Ohio) transformed in a big way last year, following its acquisitions of AK Steel and ArcelorMittal USA. With a wide swath of new and existing assets from iron ore extraction through automotive production and manufacturing the company s targeted 2021 capital expenditures (capex) are in the range of $600 million to $650 million, up from $500 million spent in 2020.