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...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Perspective
27 November 2025

TXF Dealmakers 2025: Top takeaways

The main themes - including decarbonisation and political volatility - have been echoed in TXF’s earlier events. But the sense of urgency about transformations to economies...

Perspective
01 December 2025

A benchmark in ECA shopping line credits

Euler Hermes’ inaugural shopping line credit under the German government’s new framework heralds a new era in German export finance. The bespoke solution — originated,...