ArcelorMittal reportedly considering potential offer for U.S. Steel
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Exclusive-ArcelorMittal weighs possible bid for US Steel -sources
August 16, 2023 12:39 PM EDTBy Greg Roumeliotis and Emma-Victoria Farr
(Reuters) -ArcelorMittal SA, the world's second-largest steelmaker, is considering a potential offer for U.S. Steel Corp, three people familiar with the matter said on Wednesday.
The combination would reverse ArcelorMittal's retreat from the United States as a production base after it sold most of its operations to Cleveland-Cliffs Inc in 2020 for $1.4 billion to focus on growing markets such as India and Brazil.
ArcelorMittal is discussing a possible offer with its investment bankers, and there is no certainty that it will press ahead with it, the sources said.
... MoreArcelormittal (MT) Weighs Possible Bid For US Steel (X) - Sources - Reuters
August 16, 2023 12:35 PM EDTArcelormittal (MT) Weighs Possible Bid For US Steel (X) - Sources - Reuters
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August 14, 2023 4:58 AM EDTArcelorMittal (NYSE: MT) 30-day option implied volatility is at 28; compared to its 52-week range of 26 to 58.
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