Cleveland-Cliffs acquires Stelco for about $3.4B

Type: Acquisition · Technology: Industrial, Other · Country: Canada · Value: $3.4B · Announced: 2024-07-15

U.S. steelmaker Cleveland-Cliffs, Inc. purchased Canadian steelmaker Stelco (to operate as Stelco, a Cleveland-Cliffs Company) for about $3.4 billion and received Canadian government approval with commitments to keep the head office and workforce in Ontario.

Counterparties

• Cleveland-Cliffs, Inc (Buyer)
• Government of Canada (Partner)
• Stelco Holdings (Stelco) (Seller)

Source article

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