Cleveland-Cliffs continues push to buy U.S. Steel as another company withdraws offer
Although it was rejected, Cliffs’ offer of $7.3 billion in cash has garnered the support of the United Steelworkers union.
Source: twincities.com
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Rapid Metals to liquidate after filing for bankruptcy | Crain's Detroit Business
West Bloomfield Township-based Rapid Metals LLC has filed for Chapter 11 bankruptcy and is moving to liquidate with about $31 million in liabilities to creditors including steel giants Cleveland-Cliffs Inc., Algoma Steel Inc. and Nucor Corp.The local steel distributor, founded in 2004 by company…
Source: crainsdetroit.com
U.S. Steel investment in Iron Range could extend region's relevance in industry
The company is investing $150 million in its Keewatin operations to build a plant that uses new technology to produce higher-grade taconite pellets.
Source: startribune.com