News
28 September 2020

Cleveland-Cliffs to buy US assets of ArcelorMittal in $1.4bn deal

In:
Metals and Mining
Region:
Americas

Cleveland-Cliffs, the largest US producer of iron ore pellets, has agreed to buy the US assets of steelmaker ArcelorMittal for about $1.4 billion in cash and shares.The deal will make Cleveland-Cliffs the largest flat-rolled steel producer in North America, and gives ArcelorMittal up to a quarter...

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