Cleveland-Cliffs (CLF) Completes Acquisition of Stelco
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Cleveland-Cliffs Completes Acquisition of Stelco
November 1, 2024 12:08 PM EDTCLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) (Cliffs) today announced that it has successfully completed its acquisition of Stelco Holdings Inc. (Stelco). The addition of Stelco enhances Cliffs position as the largest flat-rolled steel producer in North America, diversifies Cliffs end-markets and expands its geographical presence in Canada. Stelco will continue operations as a wholly-owned subsidiary of Cliffs, preserving the name and iconic Canadian legacy of the business.
Lourenco Goncalves, Chairman, President and CEO of Cliffs, stated: Today marks a transformative step forward for Cleveland-Cliffs. By bringing Stelco into the Cliffs... More
