CEO says new owner will maximize use of Region steel mills: 'Cleveland-Cliffs is coming to the rescue'
Lourenco Goncalves, who has more than 30 years of experience in the mining and metals sector, had an ambitious plan to strengthen Cleveland-Cliffs, Inc. as an industry leader by consolidating much of the integrated steel production in America when he took over six years ago. Last week, months after the longtime mining company bought out AK Steel, his plan came to fruition when Cleveland-Cliffs completed an acquisition of most of ArcelorMittal USA's assets. The merger that's been called a "megadeal" and "blockbuster deal" will result in a seismic shift in the domestic steel industry and a hist...
Source: nwitimes.com