Cleveland-Cliffs Closes Purchase of ArcelorMittal USA
Representative image The company’s CEO said the acquisition marks the start of “a new chapter in the history of the steel business in the United States.” Flat-rolled steel and iron ore pellets manufacturer Cleveland-Cliffs Inc. finished its acquisition of steelmaker ArcelorMittal USA and its subsidiaries from its parent company ArcelorMittal this month, the parties announced in separate releases. “The sale of ArcelorMittal USA is an opportunity to create excellent value for our shareholders and reposition our North American footprint on our most competitive assets, for which we ...
Source: powderbulksolids.com