/biz/ - Business & Finance

CLF Chad Wed Dec 16 00:33:45 2020 No.24843422 [View]
File: 95 KB, 1080x458, 20201215_235512.jpg [View same] [iqdb] [saucenao] [google]

>>24843114
>>24843147
>>24843191

Bullish for CLF and MT which owns 17% of CLF now

Cleveland-Cliffs Inc. (NYSE: CLF) announced that it has entered into a definitive agreement with ArcelorMittal S.A. (NYSE: MT), pursuant to which Cleveland-Cliffs will acquire substantially all of the operations of ArcelorMittal USA LLC and its subsidiaries for approximately $1.4 billion. Upon closure of the transaction, Cleveland-Cliffs will be the largest flat-rolled steel producer in North America, with combined shipments of approximately 17 million net tons in 2019. The company will also be the largest iron ore pellet producer in North America, with 28 million long tons of annual capacity.

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/biz/ - Business & Finance

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