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Sask Métis News – Steel Giant ArcelorMittal to Sell U.S. Business to Cleveland-Cliffs – The Wall Street Journal


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Sask Métis News – Steel Giant ArcelorMittal to Sell U.S. Business to Cleveland-Cliffs – The Wall Street Journal

Steelmaker ArcelorMittal SA plans to sell its U.S. plants to mining company Cleveland-Cliffs Inc. for $1.4 billion, retreating from older mills in the industrial heartland that underpinned its expansion into becoming America’s second-largest steel producer. The deal would put more than a dozen plants and mines under the ownership of Cleveland-based Cliffs and elevate its…

Sask Métis News – Steel Giant ArcelorMittal to Sell U.S. Business to Cleveland-Cliffs – The Wall Street Journal

Sask Métis News –

Steelmaker ArcelorMittal SA plans to promote its U.S. vegetation to mining company Cleveland-Cliffs Inc. for $1.4 billion, backing out from older mills in the industrial heartland that underpinned its expansion into turning into The United States’s second-largest metal producer.

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The deal would set aside extra than a dozen vegetation and mines below the ownership of Cleveland-basically basically based Cliffs and elevate its profile as a metal producer. President Trump has made the revitalization of the domestic metal industry a precedence for his administration, fortifying struggling…

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