Subscribe
Suppliers Legacy

Cleveland-Cliffs, in bid to boost auto steel business, to buy ArcelorMittal USA for $1.4 billion

Steel
(BLOOMBERG)
MB
By:
MARK BERGEN
B
By:
Bloomberg
|
September 28, 2020 11:01 AM

Cleveland-Cliffs Inc. will buy the U.S. operations of ArcelorMittal SA for $1.4 billion in cash and shares to become the biggest flat-rolled steel producer in North America.

Featured Stories

GM CEO Mary Barra’s 2024 compensation rises to $29.5 million
GM CEO Mary Barra’s 2024 compensation rises to $29.5 million
How Mungenast Acura used Internet savvy, inventory management to climb Acura rankings
How Mungenast Acura used Internet savvy, inventory management to climb Acura rankings
Subaru reveals name — and little else — about new 2-row EV that will debut at New York auto show
Subaru reveals name — and little else — about new 2-row EV that will debut at New York auto show
Congress Conversations: Live talk at 1 p.m. April 16 on tariffs, car pricing and shopper trends
Congress Conversations: Live talk at 1 p.m. April 16 on tariffs, car pricing and shopper trends

Latest News

GM CEO Mary Barra’s 2024 compensation rises to $29.5 million
Congress Conversations: Live talk at 1 p.m. April 16 on tariffs, car pricing and shopper trends
Daily 5 report for April 11: Tariffs force UAW President Shawn Fain to walk a political tightrope
Live updates on tariffs: Mitsubishi holds imports at ports
Staying current is easy with newsletters delivered straight to your inbox.

See More in Suppliers Legacy

Forvia posts slightly lower Q3 sales, but wins new business from Chinese automakers
Longtime Ford supplier Dana explores sale of off-highway unit, report says
Daily 5 report for Oct. 18: Bosch and Rivian's court fight isn't the typical supplier vs. automaker dispute
Nemak's Q3's net income takes a tumble
Staying current is easy with newsletters delivered straight to your inbox.